South Korea’s YNCC buys 75,000 tonnes naphtha for H1 April

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


By: Felicia Loo



AddThis Social Bookmark Button

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.

Printer Friendly