Bloomberg News

Formosa Buys February Naphtha Cargo at Premium of $3 a Ton

January 04, 2012

(See OTEN <GO> for a database of oil tenders.)

Jan. 5 (Bloomberg) -- Formosa Petrochemical Corp. bought naphtha for February delivery to Mailiao, Taiwan, according to two traders with knowledge of the tender.

The company paid a premium of $3 a ton above benchmark Japan prices yesterday, they said. Details are as follow:

--Editor: Mike Anderson.

To contact the reporter on this story: Ann Koh in Singapore at akoh15@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net


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