S Korea’s Honam buys 75,000 tonnes naphtha for H2 November
17 October 2012 04:32 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>South Korea’s Honam Petrochemical has bought three open-spec naphtha cargoes totalling 75,000 tonnes in the spot market for delivery to Yeosu and Daesan in the second half of November, traders said on Wednesday
The deal for the cargoes was done at a premium of around $16.00/tonne (€12.32/tonne) to Japan CFR (cost and freight) quotes, they said.
Tight availability of cargoes had driven up the premium, traders said.
Honam previously bought three spot naphtha cargoes totalling 75,000 tonnes at a premium of $15.00/tonne to Japan CFR quotes for delivery to Daesan in the second half of November.
($1 = €0.77)By: Felicia Loo
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