Korea Petrochemical Industry buys 25,000 tonnes naphtha

13 January 2012 08:56  [Source: ICIS news]

SINGAPORE (ICIS)--Korea Petrochemical Industry Co (KPIC) has bought 25,000 tonnes of spot naphtha for delivery into Onsan in the second half of February, traders said on Friday.

The cargo fetched a premium of $9-9.50/tonne to Japan quotes CFR (cost and freight), they said.

Spot premiums for first-half March cargoes are likely to fall because of regional cracker turnarounds in March, the traders added.

For more on naphtha, visit ICIS chemical intelligence

By: Felicia Loo

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