24 February 2014 10:20 [Source: ICIS news]
SINGAPORE (ICIS)--South Korea's LG Chem has bought by tender two 25,000 tonne naphtha cargoes for delivery in the second half of March as well as in the first half of April, traders said on Monday.
The deal for the Yeosu-bound cargo, slated for delivery in the second half of March, was done at CFR (cost & freight) Japan quotes plus $4.50/tonne, they said.
Meanwhile, the deal for the second cargo was done at a premium of $6.00/tonne to CFR Japan quotes for delivery to Daesan in the first half of April, the traders said.
Previously, LG purchased a 25,000 tonne naphtha cargo for delivery in the first half of March, at a premium of $7.50/tonne to CFR Japan quotes.
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