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Formosa seeks heavy grade naphtha for H2-May, Honam defers purchases

27-Mar-12

Formosa Petrochemical Corp is seeking 25,000-35,000 tons of heavy naphtha for H2-May arrival while Honam Petrochemical has deferred buying H1-May naphtha due to high offers, delaying the purchase in anticipation of easing of supplies from India, as per Reuters. Despite requirement for the volumes, Honam can afford to wait as it is still early for cargoes arriving in H1-May.

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