Formosa Petrochemical Buys End-January Naphtha Cargo for Mailiao
Formosa Petrochemical Corp. (6505) bought naphtha for delivery to Mailiao, Taiwan, at the end of January, according to a company official.
Formosa bought a cargo of unspecified volume at a premium of $11 to $12 a metric ton to Japan benchmark prices, the official said, asking not to be identified because of company policy.
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