off-the-wire

Taiwan's CPC Corp offers April-loading gasoil

Kitco Media
By Reuters
Published:
Updated:
Reuters
SINGAPORE, March 6 (Reuters) - Taiwan's state-owned refiner CPC Corp has issued a tender to sell April-loading 10ppm sulphur gasoil spot cargoes, according to the company's website on Monday. Up to 450,000 barrels of gasoil loading between April 8 and April 22 have been offered via the tender, which closes on March 7 at 11:00 local time (0300 GMT), the website showed.


Bids have to be valid until 19:00 local time on March 9.


Two industry sources said the refiner can likely sell up to two 300,000-barrel cargoes given steady operations after
earlier overhaul plans.


The refiner previously sold two cargoes of March-loading gasoil a month earlier at a discount of between 30 cents and 60 cents per barrel to Singapore quotes, Reuters' records show.
(Reporting by Trixie Yap; Editing by Kirsten Donovan)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.