October 12, 2017 / 10:14 AM / 8 months ago

BUZZ-Taiwan's Formosa to buy naphtha at sharply higher price

** Taiwan’s Formosa Petrochemical Corp is expected to ink a naphtha spot deal at premiums of at least $2 a tonne to its price formula on a cost-and-freight (C&F) basis, traders say

** Not only is the fresh premium seen at least four times higher than its previous deal done on Sept 21 at flat to 50 cents a tonne premium, it would also be the highest premium Formosa would have paid since May 12

** Formosa, Asia’s top naphtha importer, is to buy naphtha for second-half November delivery through a tender which closes later in the day but offers will remain valid until Friday (Reporting by Seng Li Peng)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below