14 March 2013 01:47 [Source: ICIS news]
SINGAPORE (ICIS)--South Korea’s Lotte Chemical Corp has bought 100,000 tonnes of spot naphtha supply for delivery to Yeosu in the second half of April at softer premiums because of rising supply, traders said on Thursday.
The deals for the cargoes were done at a premium of $25-26/tonne (€19-20/tonne) to Japan quotes CFR (cost & freight), they added.
“There were several offers out there,” said one trader.
Lotte previously bought 25,000 tonnes of spot naphtha supply for delivery to Yeosu in the second half of April at around $26/tonne to Japan quotes CFR.
($1 = €0.77)
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