Taiwan’s CPC buys naphtha at $5-6/t discount for H1 June
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Taiwan’s CPC Corp has purchased naphtha for first half June delivery at steeper discounts of $5-6/tonne (€3.65-4.38/tonne.
The 75,000 tonnes of full-range naphtha for delivery into Kaohsiung, south Taiwan over first half of June was purchased at a discount of $5-6/tonne to Japan quotes CFR (cost and freight) from a trader.
The tender had closed on 6 May, and valid up to 8 May.
In its previous tender, Taiwan’s CPC bought two other 75,000 tonnes full-range naphtha cargoes at a premium of $5.50/tonne to Japan quotes CFR Kaohsiung for delivery in second half May.
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