Formosa Said to Sell Fuel Oil for Late September to Total

Formosa Petrochemical Corp. (6505) sold 45,000 metric tons of fuel oil for Sept. 28 to Sept. 30 loading to Total SA, according to three people with knowledge of the transaction.

Formosa Petrochemical is Taiwan’s only publicly traded oil refiner. Details of the transaction are as follows:

Product:   High-Sulfur fuel oil
Prices:    $50 a ton discount to Singapore prices
Quantity:  35,000 tons
Sulfur:    Maximum 2 percent
Density:   Maximum 1.10 kilogram per cubic meter
Viscosity: 380 centistoke
Product:   Pyrolysis fuel oil
Prices:    $60 to $65 a ton premium to Singapore prices
Quantity:  10,000 tons
sulfur:    Maximum 0.2 percent
Density:   Maximum 1.07 kilogram per cubic meter
Viscosity: 3 centistoke to 50 centistoke
Loading:   Sept. 28 to Sept. 30
Port:      Mailiao, Taiwan

To contact the reporter on this story: Winnie Zhu in Singapore at

To contact the editor responsible for this story: Mike Anderson at

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