S Korea’s Samsung Total buys H2 April naphtha at lower premium

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)

By: Felicia Loo

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