S Korea’s YNCC buys 100,000 tonnes naphtha at parity

27 August 2013 11:03  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s Yeochun NCC (YNCC) has bought four spot cargoes of naphtha totalling 100,000 tonnes for delivery in the first half of October, traders said on Tuesday.

The deal for the Yeosu-bound cargoes was done at parity over Japan pricing quotes CFR (cost & freight), they added.

The company previously bought 50,000 tonnes of open-spec naphtha for delivery to Yeosu in the second half of September, at a premium of $3/tonne (€2.25/tonne) to Japan quotes CFR.

($1 = €0.75)

By: Felicia Loo

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