S Korea’s Honam buys 25,000 tonnes naphtha for H2 December

24 November 2011 08:05  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s Honam Petrochemical has bought 25,000 tonnes of naphtha for delivery in the second half of December into Daesan at a higher price than that of its last spot purchase made last week, traders said on Thursday.

The cargo fetched a discount of 25 US cents/tonne (19 euro cents/tonne) to Japan quotes CFR (cost & freight), compared with a discount of $3.00/tonne fetched in the previous spot trade of 50,000 tonnes for delivery into Daesan in the second half of December, they added.

($1 = €0.75)

For more on naphtha, visit ICIS chemical intelligence

By: Felicia Loo

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