S Korea’s LG Chem buys 50,000 tonnes naphtha for H1 December

04 November 2011 05:48  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s LG Chem has bought by tender 50,000 tonnes of naphtha for delivery in the first half of December, traders said on Friday.

The cargoes fetched a discount of $1.25/tonne (€0.90/tonne) to Japan quotes CFR (cost and freight), they added.

The Asian naphtha crack spread weakened at $49.80/tonne to December Brent crude futures on Thursday’s close, down from $55.38/tonne on Wednesday, according to ICIS.

($1 = €0.72)

For more on naphtha, visit ICIS chemical intelligence

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