S Korea’s YNCC buys 50,000 tonnes naphtha for second-half May

11 April 2013 08:19  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s Yeochun NCC (YNCC) has bought 50,000 tonnes of spot naphtha supply for delivery to Yeosu in the second half of May, traders said on Thursday.

The deal for the cargo was done at a premium of $18/tonne (€14/tonne) to Japan quotes CFR (cost & freight), they added.

Prices have decreased in spot transactions in the week because of abundant deep-sea supply from western markets, traders said.

($1 = €0.77)

By: Felicia Loo

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