S Korea’s LG Chem buys 75,000 tonnes naphtha for Dec ‘13-Jan ‘14

29 October 2013 02:21  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s LG Chem has bought by tender three 25,000-tonne naphtha cargoes for delivery to Daesan from December 2013 to January 2014, traders said on Tuesday.

The first cargo is slated for delivery in the second half of December, while the second cargo for the first half of January and the last cargo for the second half of January, they said.

The deals for the cargoes were done at a premium of $7-8/tonne (€5-6/tonne) to Japan quotes CFR (cost & freight), traders said.

($1 = €0.72)

By: Felicia Loo

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