S.Korea’s YNCC buys 75,000 tonnes naphtha for first-half June

26 April 2013 05:25  [Source: ICIS news]

SINGAPORE (ICIS)—South Korea’s Yeochun NCC (YNCC) bought 75,000 tonnes of spot naphtha supply for delivery to Yeosu in the first half of June, traders said on Friday.

The deal for the cargoes was done at a premium of $12/tonne (€9.24/tonne) to Japan quotes CFR (cost & freight), they added.

YNCC, which is running its three crackers with a combined capacity of 1.9m tonne/year at 85% capacity, previously bought 50,000 tonnes of spot naphtha supply for delivery to Yeosu in the second half of May.

The May-delivered cargoes fetched a premium of $10/tonne to Japan quotes CFR.

($1 = €0.77)

By: Felicia Loo

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