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Formosa Buys February Naphtha Cargo at Premium of $3 a Ton

Formosa Petrochemical Corp. bought naphtha for February delivery to Mailiao, Taiwan, according to two traders with knowledge of the tender.

The company paid a premium of $3 a ton above benchmark Japan prices yesterday, they said. Details are as follow:

Product:      Naphtha
Price:        Premium of $3 a metric ton over Japanese prices
Quantity:     100,000 tons
Delivery:     Mid-February
Port:         Mailiao

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