CPC Corp Seeks Rare November Jet Fuel Cargo

Taiwan's CPC Corp is seeking a rare jet fuel cargo for delivery in November as it builds its heating fuel inventory ahead of winter, trade sources said on Monday.

The company is seeking 40,000 kilolitres of jet fuel for delivery into Kaohsiung, Taiwan, one of the sources said.

The tender closes on Oct. 15 and is valid until Oct. 17.

CPC Corp, which normally exports jet fuel, last imported jet fuel about a decade ago, a source close to the matter said.

The company is likely stockpiling kerosene, which is used as heating fuel in winter, and is importing jet fuel to meet domestic shorts, the source added.

 

Reporting by Jessica Jaganathan