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Titan Chemicals Buys February Cargo for Delivery to Malaysia

Jan. 5 (Bloomberg) -- Titan Chemicals Corp. bought a naphtha cargo for delivery to Kerteh, Malaysia, in mid-February, according to two traders with knowledge of the tender.

The company paid a premium of about $3 a ton to benchmark Japan prices, they said. Details of the purchase are as follows:

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Product:  Naphtha
Quantity: One medium-range vessel, or approximately 30,000 tons
Delivery: Mid-February
Port:     Kerteh, Malaysia
Price:    Premium of about $3 a ton to benchmark prices in
          Japan.
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To contact the reporter on this story: Ann Koh in Singapore at akoh15@bloomberg.net

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

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