Formosa Petrochemical Said to Buy Naphtha at $11 to $12 Premium
February 10, 2012, 3:48 AM ESTBy Ann Koh
(See OTEN <GO> for a database of tenders.)
Feb. 10 (Bloomberg) -- Formosa Petrochemical Corp. bought about 100,000 metric tons of naphtha for delivery to Mailiao, Taiwan, according to two traders who participate in the market.
The cargo was purchased at a premium of $11 to $12 a ton above Japan benchmark prices, the traders said.
Details of the purchase follow below:
--Editors: Alexander Kwiatkowski, Christian Schmollinger
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
