17 February 2011 09:17 [Source: ICIS news]
SINGAPORE (ICIS)--South Korea's LG Chem has bought 25,000 tonnes of spot open-spec naphtha for delivery into Yeocheon in the second half of March, traders said on Thursday.
The cargo was heard traded at around a $4/tonne (€3/tonne) premium to Japan quotes CFR (cost & freight), they added.
Meanwhile, the company has plans to shut its 760,000 tonne/year naphtha cracker in Daesan for maintenance and expansion works on 15 March.
LG Chem also runs a 1m tonne/year naphtha cracker in Yeosu, South Korea.
($1 = €0.74)
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