S Korea’s LG Chem buys 50,000 tonnes naphtha for H2 November

16 October 2012 03:44  [Source: ICIS news]

SINGAPORE (ICIS)--South Korean chemical company LG Chem has bought 50,000 tonnes of spot naphtha for delivery in the second half of November at a stronger premium because of tight regional supply, traders said on Tuesday.

The deal for the cargoes was done at a premium of $14.50/tonne (€11.17/tonne) to Japan quotes CFR (cost and freight), they said.

In its previous spot purchases, LG Chem bought three cargoes of naphtha totalling 75,000 tonnes.

Two of the cargoes for delivery in the first half of November were purchased at a premium of $11.00-12.00/tonne to Japan quotes CFR, while the deal for the remaining cargo for delivery in the second half of November was done at a premium of $13.00/tonne to Japan quotes CFR.

($1 = €0.77)


By: Felicia Loo



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