S Korea’s YNCC buys 25,000 tonnes naphtha at $3.50/tonne discount

10 October 2013 10:18  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s Yeochun NCC (YNCC) has bought a 25,000-tonne naphtha cargo for delivery to Yeosu in the second half of November, traders said on Thursday.

The deal for the cargo was done at a discount of $3.50/tonne (€2.59/tonne) to Japan quotes CFR (cost & freight), they said.

YNCC previously purchased 75,000 tonnes of naphtha for delivery to Yeosu in the second half of October, at a premium of 50 cents/tonne to Japan quotes CFR.

($1 = €0.74)

By: Felicia Loo

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