South Korea’s LG Chem buys 200,000 tonnes naphtha for 2011

06 October 2010 04:01  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s LG Chem has awarded a term import tender for 200,000 tonnes of naphtha for delivery between January and December 2011, traders said on Wednesday.

The cargoes were done at a discount of $4/tonne (€2.90/tonne) to Japan quotes CFR (cost & freight), they said.

LG Chem runs two crackers in Daesan and Yeosu, with nameplate capacities of 760,000 tonnes/year and 1m tonnes/year, respectively.

($1 = €0.72)

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By: Felicia Loo

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