S Korea’s Lotte Chemical buys 75,000 tonnes naphtha for H2 March

06 February 2013 07:36  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s Lotte Chemical Corp has bought 75,000 tonnes of spot naphtha for delivery to Yeosu in the second half of March, traders said on Wednesday.

The deal for the cargoes was done at a premium of $34.00/tonne (€25.15/tonne) to Japan quotes CFR (cost and freight), they said.

Lotte Chemical last bought by tender 600,000 tonnes of term naphtha supply for delivery to Yeosu from March 2013 to February 2014, at a premium of $5.00/tonne to Japan quotes CFR.

($1 = €0.74)

By: Felicia Loo

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