S Korea’s S-Oil sells 33,000 tonnes naphtha for mid-April

12 March 2013 03:09  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s refiner S-Oil has sold 33,000 tonnes of light naphtha in the spot market for loading in mid-April, traders said on Tuesday.

The deal for the cargo was done at a premium of $48-49/tonne (€37-38/tonne) to Japan quotes FOB (free on board), they added.

The cargo may head to Japan and including freight costs, the price would be about a premium of $55/tonne to Japan quotes CFR (cost & freight) for delivery in the second half of April, traders said.

($1 = €0.77)

By: Felicia Loo

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