Taiwan’s Formosa Petrochemical Corp (FPCC) has offered more prompt June spot 10ppm sulphur gasoil cargoes via a sale tender, three sources said on Monday.

The refiner is seeking to sell a 750,000-barrel cargo loading on June 25-29, using July prices as a basis, via this tender, they said, adding it closes on June 4 with same-day validity.

This is the second such sale tender for June cargoes from the private refiner after they sold off at least one 300,000-barrel in early May at a discount of near $1 per barrel, Reuters records showed.
Source: Reuters (Reporting by Trixie Yap)