CPC Said to Sell Low-Sulfur Fuel Oil to Trafigura for August

CPC Corp., Taiwan’s state oil refiner, sold a cargo of low-sulfur fuel-oil for August loading to Trafigura Beheer BV, according to five people with knowledge of the transaction who asked not to be identified because the information is confidential.

Trafigura paid a premium of about $65 to $72 a metric ton over Singapore prices, said three of the people.

Details of the cargo are as follow:

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Product:         Low-sulfur, straight-run fuel oil
Price:           $65 to $72 premium over Singapore prices
Sulfur:          0.5 percent
Quantity:        38,000 tons
Loading:         August
Port:            Kaohsiung, Taiwan

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To contact the reporter on this story: Winnie Zhu in Singapore at wzhu4@bloomberg.net

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

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