Hot Reports
KPC Brings Down Premium on April-March Naphtha Offers to US$24
2010-02-08 [Source: Pudaily]
Leading Middle Eastern naphtha supplier Kuwait Petroleum Corp (KPC) had proposed a premium of US$26 above Middle East quotes on FOB basis for its April 2010-March 2011 cargoes. The best bid heard for this was at much lower level of US$18/ton premium. Subsequently, KPC is heard to have reduced the same offer to US$24/ton.
The high offer is contrary to weakening market outlook in anticipation of a demand cut caused by cracker maintenance schedule in Asia in March. However, few market players opine that since this is an annual contract, using current spot premiums as a benchmark to measure a long term offer may not be proper. Since KPC's newly started aromatics plant require naphtha as feedstock, the Kuwaiti major is struggling with limited full-range naphtha supplies.
- Relative News
- ADCO Global Opens New Plant in China 2010-09-07
- Evonik and APT Europe GmbH to Team Up in Semifinished PEEK Products 2010-09-07
- Mascoma Acquires SunOpta Ethanol Plant 2010-09-07
- Air Products Boosts Offer for Airgas 2010-09-07
- Asia GP-Grade PMMA May Weaken on Product Substitution 2010-09-07
- BP to Sell Stake in Ethylene and Polyethylene Unit 2010-09-07
- Polycarbonate Demand to Grow 2010-09-07
- Sources from Suppliers: THF Prices Go Up, Supplies Are Tense 2010-09-06
- BDO Market in E-China is on the Way to Turn Better 2010-09-06
- Crude MDI Transaction Price List in China on September 6 2010-09-06
- Crude MDI Market Spotlight in East China Today 2010-09-06
- Domestic BDO Markets: Rising Momentum is Upcoming 2010-09-06
- TDI Transactions in E-China Slump Early Week 2010-09-06
- Hebei Yadong Polyols Facility Expansion Movement 2010-09-06
- Propylene Oxide Market Gets Some Supports In N-China 2010-09-06
- Flexible Polyols Market in S-China Keeps Stable 2010-09-06
- TDI Sellers in S-China Have Pressure in Inventory Now 2010-09-06
- Adipic Acid Transaction Price List in China on September 6 2010-09-06
- Pure MDI Noon Snapshot in East China Today 2010-09-06
- Hyosung Jiaxing Plans to Shut Down Its 30ktpa PTMEG Facility 2010-09-06
