30 June 2010 09:10 [Source: ICIS news]
SINGAPORE (ICIS news)--South Korea’s Samsung Total Petrochemicals Co may limit its spot naphtha purchases as it mulls a feedstock switch to liquefied petroleum gas (LPG), a company source said on Wednesday.
The company may seek just 25,000 tonnes of open-spec naphtha for delivery in the first half of August, added the source.
“LPG will be preferred, if prices are 10% lower than naphtha,” he said.
“We are considering LPG [feedstock] for a fifth of our output at this juncture,” the source added.
Prompt LPG prices in Asia are currently at $620/tonne (€508.40/tonne), compared with $644–647/tonne for naphtha, said traders.
($1 = €0.82)
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