SINGAPORE (May 9): CEFC International is down 3.8% to 25.5 cents after the petrochemicals trader says it expects to report a net loss in the first quarter.

CEFC says over the weekend the loss is mainly due to lower profits from trading because of lower physical trading revenue and falling oil prices.

CEFC says it will release more details with its earnings report before May 15.

In comparison, the benchmark Straits Times Index is up 0.4%.