08 March 2013 05:19 [Source: ICIS news]
SINGAPORE (ICIS)--South Korea’s LG Chem has bought a 25,000-tonne naphtha cargo for delivery in the second half of April, traders said on Friday.
The deal for the cargo was done at a premium of $23.50/tonne (€17.86/tonne) to Japan quotes CFR (cost & freight), they said.
The premiums are getting softer because of rising supply from the Middle East following the end of refinery maintenance, traders said.
($1 = €0.76)
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