20 February 2013 09:43 [Source: ICIS news]
SINGAPORE (ICIS)--South Korea's Samsung Total has bought a 25,000 tonne naphtha cargo in the spot market for delivery to Daesan in the first half of April, traders said on Wednesday.
The deal for the cargo was done at a premium below $40/tonne (€30/tonne) to Japan quotes CFR (cost & freight), they added.
Samsung last bought a 25,000 tonne naphtha cargo in the spot market for delivery to Daesan in the first half of March, at a premium of $23-24/tonne to Japan quotes CFR.
Tighter supply and strong demand are the factors driving up spot premiums lately, traders said.
($1 = €0.75)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections