Thailand's Thai Paraxylene Co (TPX) has offered 12,000-60,000 mt of toluene for 2018 term contracts to its customers through a private tender this week, a source close to the company said.
The tender is open only to the regular customers and will be awarded on an FOB Sri Racha basis, on a pricing formula linked to the mean of the Platts FOB Korea weekly average price at the month of loading plus or minus a premium with the monthly volume decided by the customer, the source added.
"The tender is in discussion and is expected to close in early December," the source added.
