Japan’s Mitsui buys 25,000 tonnes naphtha at $20/tonne premium

10 January 2013 02:21  [Source: ICIS news]

SINGAPORE (ICIS)--Japan’s Mitsui Chemicals has bought a 25,000 tonne naphtha cargo in the spot market for delivery to Chiba in the second half of February, traders said on Thursday.

The deal for the cargo was done at a premium of $20/tonne (€15/tonne) to Japan quotes CFR (cost & freight), they added.

Mitsui previously bought 25,000-50,000 tonnes of spot naphtha for delivery to Chiba in the second half of February, at a premium of $16/tonne (€12/tonne) to Japan quotes CFR. ($1 = €0.77)


By: Felicia Loo



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