Iran's National Oil State - Iran Petrochemical Commercial Co (IPCC) has sold a tender worth 5kmta ethylene cargo to a South America buyer priced at around $1,800/tonne on a cost and freight (CFR) basis
It was marked as exceptional as most southeast Asia buyers are bidding at low $1,300s/tonne CFR level. Speculative talks indicate cargo destination to Venezuela from Assaluyeh and/or Bandar Imam Khomeini (BIK).
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