Japan’s Idemitsu buys 25,000 tonnes naphtha for first-half Sept

05 August 2013 10:51  [Source: ICIS news]

SINGAPORE (ICIS)--Japan’s Idemitsu has bought a 25,000 tonne open-spec naphtha cargo for delivery in the first half of September, traders said on Monday.

The deal for the cargo was done at a premium of $4.00/tonne (€3/tonne) to Japan quotes CFR (cost & freight), they added.

Previously, Idemitsu bought a similar-sized naphtha cargo for delivery to Tokuyama in August, at Japan quotes CFR pricing plus $7.00-8.00/tonne. The cargo is scheduled for delivery on 1-31 August.

($1 = €0.75)

By: Felicia Loo

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly