S Korea’s YNCC buys prompt naphtha, plans cracker turnarounds

02 November 2010 08:23  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea's Yeochun NCC Co (YNCC) has bought 25,000 tonnes of spot naphtha for delivery in the first half of December, a company source said on Tuesday.

The cargo fetched a premium of $3/tonne (€2.16/tonne) to Japan quotes CFR (cost & freight), he added.

Overall, YNCC bought 100,000 tonnes of spot naphtha for the first half of December, according to the source.

Separately, the company would shut its 857,000 tonne/year No 1 cracker in Yeocheon, South Korea, for 35 days of maintenance between April and May next year, the source said.

YNCC also operates a 578,000 tonne/year and 465,000 tonne/year cracker at the same site, said the source.

The crackers are currently operating at full capacity, the source added.

($1 = €0.72)

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By: Felicia Loo

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