Vietnam's PVGAS cancelled its latest buy tender for refrigerate LPG late Thursday because of high offers, according to a company source.
An international trader revealed that about 4 companies had bidden for the tender, with the highest quotation of September CP plus US$36-39/mt, versus the current market level of about CP plus US$31-35.
PVGAS issued the tender Wednesday to purchase 22,000mt of refrigerated LPG at a 50:50 ratio for Sep 1-10 delivery.
An international trader revealed that about 4 companies had bidden for the tender, with the highest quotation of September CP plus US$36-39/mt, versus the current market level of about CP plus US$31-35.
PVGAS issued the tender Wednesday to purchase 22,000mt of refrigerated LPG at a 50:50 ratio for Sep 1-10 delivery.
