06 March 2013 08:00 [Source: ICIS news]
SINGAPORE (ICIS)--South Korea’s SK Energy sold 30,000 tonnes of spot naphtha supply to Japanese trading firm Marubeni for loading on 5-9 April, traders said on Wednesday.
The deal for the light naphtha cargo was done at a premium of $51/tonne (€39/tonne) to Japan quotes FOB (free on board), they added.
However, the deal will not be repeated because of the decline in petrochemical demand in China which is exerting downward pressure on naphtha prices.
($1 = €0.77)
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