S Korea’s LG Chem buys naphtha at near $20/tonne premium

05 September 2012 11:42  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s LG Chem has bought 50,000 tonnes of spot naphtha for delivery in the second half of October at premiums near $20/tonne, traders said on Wednesday.

The cargoes fetched premiums of $18.50/tonne (€14.80/tonne) and $19.25/tonne to Japan quotes CFR (cost and freight), they said.

LG previously bought 50,000 tonnes of spot naphtha for first-half October delivery to Yeosu at a premium of around $8/tonne to Japan quotes CFR. The seller had the option to supply either full-range naphtha or open-spec material for arrival into Daesan at a premium of $9.50/tonne or $10/tonne, respectively, to CFR Japan quotes.

($1 = €0.80)
By: Felicia Loo

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