S Korea’s Honam buys 75,000 tonnes naphtha for February

06 January 2012 03:10  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea's Honam Petrochemical has bought 75,000 tonnes of naphtha for delivery in February, traders said on Friday.

The company bought two 25,000 tonne cargoes for delivery in the first half of February, and purchased a smiliar-sized cargo for the second half of February arrival, they added.

The deal was done at premiums of $8.00-8.50/tonne (€6.24-6.63/tonne) to Japan quotes CFR (cost and freight), they said.

($1 = €0.78)

For more on naphtha, visit ICIS chemical intelligence

By: Felicia Loo

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