S Korea’s Lotte Chemical buys 25,000 tonnes naphtha for H2 March

14 February 2013 09:28  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s Lotte Chemical Corp has bought a 25,000-tonne naphtha cargo in the spot market, for delivery to Daesan in the second half of March, traders said on Thursday.

The deal for the cargoes was done at a premium of around $36.00/tonne (€26.64/tonne) to Japan quotes CFR (cost and freight), they said.

Lotte previously bought 75,000 tonnes of spot naphtha for delivery to Yeosu in the second half of March, at a premium of $34.00/tonne to Japan quotes CFR.

($1 = €0.74)

By: Felicia Loo

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