25 February 2011 03:25 [Source: ICIS news]
SINGAPORE (ICIS)--South Korean producer YNCC has bought 75,000 tonnes of open-spec naphtha for delivery into Yeosu in the first half of April, traders said on Friday.
The cargoes were done at a premium of $2/tonne (€1/tonne) to Japan quotes CFR (cost & freight), down from its previous purchase of 125,000 tonnes of spot naphtha for delivery in the second half of March, they added.
Those cargoes had been sealed at a premium of $3-5/tonne to Japan quotes CFR, traders said.
Prices weakened because of ample supplies and weak demand in Asia, they added.
($1 = €0.72)
To discuss issues facing the chemical industry, go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections