SK Energy sells 30,000 tonnes naphtha for early April loading

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)

By: Felicia Loo

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