05 September 2013 10:44 [Source: ICIS news]
SINGAPORE (ICIS)--South Korea’s LG Chem has bought by tender a 25,000 tonne naphtha cargo for delivery in the second half of October, traders said on Thursday.
The deal for the cargo was done at a premium of $1/tonne (€0.76/tonne) to Japan quotes CFR (cost & freight), 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 to Japan quotes CFR, while the Daesan-bound cargo fetched a discount of 50 cents to Japan quotes CFR.
($1 = €0.76)
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