Formosa Petrochemical Said to Buy Naphtha at $11 to $12 Premium

Formosa Petrochemical Corp. (6505) 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:

Product:   Naphtha
Quantity:  About 100,000 tons
Delivery:  End of March to early April
Port:      Mailiao
Price:     Premium of $11 to $12 a ton above Japan prices
Sellers:   Undisclosed

To contact the reporter on this story: Ann Koh in Singapore at

To contact the editor responsible for this story: Alexander Kwiatkowski at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.