Taiwan's Formosa Petrochemical seals 2019 gasoil, jet fuel term contracts
SINGAPORE (Reuters) - Taiwan’s Formosa Petrochemical Corp has finalized its term contracts to sell diesel and jet fuel for loading in 2019, at volumes and price levels mostly steady from this year, trade sources said.
The refiner has sealed its one-year term contract for diesel with 10 parts per million (ppm) sulfur at a premium of 15 to 25 cents a barrel to Singapore quotes, they said.
That compares to a premium of 22 cents a barrel premium for 2018 term contracts, they added.
Formosa has also finalized its 500 ppm sulfur
The prices for
For jet fuel, it
Volumes were generally close to this year’s term deals, the sources added.
A Formosa spokesman could not be immediately reached for comment.
Reporting by Jessica Jaganathan; Editing by Manolo Serapio Jr.
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