South Korea’s LG Chem buys 25,000 tonnes naphtha for H2 Dec

24 November 2011 07:18  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s LG Chem has bought 25,000 tonnes of spot naphtha for delivery in the second half December at a lower discount, traders said on Thursday.

The cargo was done at a discount of 50 US cents/tonne (38 euro cents/tonne) to Japan quotes CFR (cost & freight), they added.

In its previous spot purchase, the company bought 50,000 tonnes of naphtha for delivery in the first half of December at a discount of $1.25/tonne.

($1 = €0.75)

For more on naphtha, visit ICIS chemical intelligence

By: Felicia Loo

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