Asia Crude-Qatar sells Jan DFC lots at 10-mth high
The number of cargoes was above normal volumes of around seven to eight lots.
November 11, 2010 12:21 by Reuters
Qatar sold more than 10 cargoes of deodorised field condensate (DFC) for loading in January at the strongest premium in 10 months on robust naphtha demand, traders said on Thursday.
Qatar International Petroleum Marketing Co, or Tasweeq, sold the DFC cargoes via tender at a premium of between $1.00 and $1.50 a barrel to Dubai quotes, improved from a premium of between $1.00 and $1.20 fetched for December DFC lots it sold last month, they said.
The number of cargoes was above normal volumes of around seven to eight lots, as term buyers have yet to renew their contracts for 2011 shipments due to a wide gap between offer and bid prices, they added.
Last January, Tasweeq sold seven or eight March-loading DFC lots at a premium of between $1.00 and $1.50 a barrel.
(Reporting by Judy Hua; Editing by Ramthan Hussain)