CPC Corp. has started spot sales for August-loading diesel to cash in on higher premiums, after skipping July sales on lower production volumes amid ongoing refinery maintenance, three sources familiar with the matter said on Monday.

CPC Corp, Taiwan’s state-owned refiner, is offering at least one 300,000-barrel 10 ppm sulphur diesel cargo for Aug. 15-25 loading, a document posted on the company website showed.

This is a signal that maintenance works at one of its crude units should be completed soon, one of the sources said.

The tender closes on July 18 and will remain valid until July 20.

CPC Corp was also in the spot market last week to replenish on jet fuel stockpiles because of the said refinery maintenance.

The company bought one spot jet fuel cargo for any August delivery from a Chinese refiner at a premium of more than $1 a barrel to Singapore quotes via that tender.
Source: Reuters (Reporting by Trixie Yap)