Taiwan’s Formosa Petrochemical Corp (FPCC) has issued a spot tender to sell 10ppm sulphur diesel for August loading, four sources with knowledge of the matter said on Wednesday.
Around 750,000 barrels of diesel is available for sale via the tender, for loading on Aug. 21-25, the sources said.
The tender will close on July 13 with same-day validity.
Earlier in June, the refiner sold a total of 1.05 million barrels for July loading at between a discount of 50 cents a barrel to a premium of 25 cents a barrel to free-on-board Singapore prices.
Source: Reuters (Reporting by Trixie Yap; Editing by Kim Coghill)