07 May 2013 10:24 [Source: ICIS news]
SINGAPORE (ICIS)--South Korea’s LG Chem has purchased a 25,000 tonne naphtha cargo for delivery to Daesan in the first half of June, traders said on Tuesday.
The deal for the spot cargo was done at a premium of $7.00/tonne (€5.35/tonne) to Japan quotes CFR (cost & freight), they added.
The premium plummeted in the latest transaction, because of an increasingly bearish market awash in deep-sea inflows, traders said.
($1 = €0.76)
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