S Korea’s Honam buys spot naphtha cargoes at $22-23/tonne premium
08 November 2012 02:06 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>South Korea’s Honam Petrochemical has bought a total of 100,000 tonnes of spot naphtha at higher premiums in the week, because of tight regional supply, traders said on Thursday.
These cargoes are due for delivery to Yeosu and Daesan in the first half of December, the traders added.
Honam bought 50,000 tonnes of spot naphtha cargoes at a premium of $22.50-23.00/tonne to Japan quotes CFR (cost & freight) late on 7 November, the traders said.
The South Korean producer bought a similar cargo volume at a premium of $22.00-23.00/tonne to Japan quotes CFR a few days ago, they added.
Honam previously bought 50,000 tonnes of spot naphtha at a premium of $22.00/tonne to Japan quotes CFR for delivery to Yeosu and Daesan in the first half of December. By: Felicia Loo
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