Taiwan's Formosa Petrochemical has bought around 75,000 tons of naphtha for February to March arrival, bringing its total purchases since mid-December to over 350,000 tons, as per Reuters. Premium of US$1/ton to Japan quotes on a cost-and-freight (C&F) basis,paid on this was lower than the US$3/ton paid for a previous cargo.
20-Jan-12 
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