04 August 2008 18:30 [Source: ICIS news]
SINGAPORE (ICIS news)--Asian naphtha discounts continue to deepen as demand from northeast end-users remains weak amid a spate of turnarounds from July to September, industry sources said on Monday.
Late last week, Samsung Total reportedly purchased a 25,000 tonne cargo of open spec naphtha at a discount of $5/tonne to ?xml:namespace>
“Considering the current weak market situation, they might have bought the cargo at a deeper discount,” a NE Asian trader said.
Two weeks back, LG Chemical was said to have purchased 25,000 tonnes of open spec naphtha at a discount of $2-2.50/tonne to Japan quotes CFR (cost and freight) Korea and another 25,000 tonnes of full-range material at a discount of $1.50/tonne to Japan quotes CFR (cost and freight) Korea for September deliveries.
“We might be seeing even lower discounts on more supplies from
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections