S Korea’s YNCC buys 800,000 tonnes term naphtha for 2011

06 October 2010 03:43  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea's Yeochun Naphtha Cracking Center (YNCC) bought 800,000 tonnes of term naphtha for January to December 2011, market players said on Wednesday.

The cargoes fetched a discount of $4.50/tonne (€3.24/tonne) to Japan quotes CFR (cost and freight), they said.

YNCC, which operates three naphtha crackers in the country, is the largest ethylene producer in South Korea.

It runs a 857,000 tonnes/year No 1 cracker and a 578,000 tonnes/year No 2 cracker and a 465,000 tonnes/year No 3 naphtha at the site in Yeocheon.

($1 = €0.72)

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By: Felicia Loo

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