S Korea’s Lotte buys 75,000 tonnes naphtha for second-half May

02 April 2013 02:42  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s Lotte Chemical Corp has bought 75,000 tonnes of naphtha for delivery to Daesan in the second half of May, traders said on Tuesday.

The deals for the cargoes were done at a premium of $22/tonne (€17/tonne) to Japan quotes CFR (cost & freight), they added.

In an earlier spot purchase, Lotte bought 100,000 tonnes of naphtha for delivery in the first half of May.

The deal for the Yeosu-bound cargoes was done at a premium of $22/tonne to Japan CFR quotes, while the deal for the Daesan-bound cargoes was done at around a premium of $23/tonne to Japan CFR quote.

($1 = €0.78)


By: Felicia Loo



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