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

Feb. 10 (Bloomberg) -- Formosa Petrochemical Corp. 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 akoh15@bloomberg.net

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

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