Formosa Said to Sell Pyrolysis Fuel Oil at $30 to $31 Premium

Formosa Petrochemical Corp. sold 15,000 metric tons of pyrolysis fuel oil to a Taiwanese trader at a premium of $30 to $31 a ton to Singapore 180-centistoke benchmark prices, according to two people with knowledge of the transaction who declined to be identified because the information isn’t public. The cargo will be loaded May 8 to May 10, said the people, without naming the buyer.

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