S Korea’s LG Chem seeks second-half Oct naphtha supplies

05 September 2013 05:02  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s LG Chem is seeking by tender naphtha supplies for delivery to Yeosu and Daesan in the second half of October, traders said on Thursday.

The tender closes later on Thursday, they added.

Previously, LG Chem bought two naphtha cargoes totalling 50,000 tonnes for delivery in the first half of October.

The deal for the Yeosu-bound cargo was done at a discount of $1/tonne (€0.76/tonne) to Japan quotes CFR (cost & freight), while the Daesan-bound cargo fetched a discount of 50 cents to Japan quotes CFR.

($1 = €0.76)

By: Felicia Loo

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