17 April 2013 06:44 [Source: ICIS news]
SINGAPORE (ICIS)--Japan’s Mitsui Chemicals has bought a 25,000-tonne naphtha cargo in the spot market for delivery to Chiba in the second half of May, traders said on Wednesday.
The deal for the cargo was done at a premium of $11.00/tonne (€8.36/tonne) to Japan quotes CFR (cost & freight), they said.
Open-spec first-half June contract rose by $6.50-7.00/tonne to $830.50-833.50/tonne CFR Japan in morning trading on Wednesday, as Brent crude futures rebounded to more than $100/bbl, ICIS data showed.
($1 = €0.76)
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