Japan’s Idemitsu buys 25,000 tonnes naphtha at $15-16/tonne premium

22 January 2013 01:30  [Source: ICIS news]

SINGAPORE (ICIS)--Japan’s Idemitsu has bought a 25,000 tonne naphtha cargo for delivery to Tokuyama in the second half of February, traders said on Tuesday.

The deal for the cargo was done at a premium of $15.00-16.00/tonne (€11.25-12.00/tonne) to Japan quotes CFR (cost & freight), they added.

Asia’s open-spec first-half March contract rose by $8.50/tonne from 18 January to $972.50-974.50/tonne CFR Japan on 21 January, ICIS data showed.

($1 = €0.75)

By: Felicia Loo

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