South Korea’s LG Chem buys 50,000 tonnes of naphtha for H1 May

29 March 2012 09:43  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s LG Chem has purchased by tender two cargoes each comprising 25,000 tonnes of open-spec naphtha at a $18.75-19.25/tonne (€14.06-14.44/tomne) premium to Japan quotes CFR (cost & freight), traders said on Thursday.

The first cargo, priced at a $18.75/tonne premium to Japan quotes CFR, is scheduled to be delivered into Yeosu in the first half of May, the traders added.

The second cargo, priced at a $19.25/tonne premium to Japan quotes CFR, is scheduled to be delivered into Daesan during the same period, the traders said.

LG Chem last bought by tender two 25,000 tonne open-spec naphtha cargoes at a $23.50-24.00/tonne premium to Japan quotes CFR at the end of February, the traders said.

By: Quintella Koh
+65 6780 4372

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