07 March 2013 03:40 [Source: ICIS news]
SINGAPORE (ICIS)--South Korea's Samsung Total has bought 25,000 tonnes of naphtha for delivery to Daesan in the second half of April at a lower premium because of rising supply, traders said on Thursday.
The deal for the cargo was done at a premium of $24/tonne (€18/tonne) to Japan quotes CFR (cost & freight), they added.
Samsung last purchased a 25,000 tonne naphtha cargo in the spot market for delivery to Daesan in the first half of April at a premium below $40/tonne to Japan quotes CFR.
($1 = €0.77)
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