S Korea’s Honam buys 50,000 tonnes naphtha for H2 April

07 March 2012 06:27  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s Honam Petrochemical has bought two naphtha cargoes of around 25,000 tonnes each, traders said on Tuesday.

The cargoes were sold at premiums of $18.50/tonne (€14/tonne) to CFR (cost & freight) Japan quotes on a 45-day price formula for open-spec grade, they said.

The parcels are scheduled for delivery in the second half of April into Daesan, the traders said.

Honam Petrochemical last bought three naphtha cargoes of around 25,000 tonnes each from Vitol at premiums of $16-18/tonne to CFR Japan quotes, the traders said.

($1 = €0.76)


By: Quintella Koh
+65 6780 4372



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