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.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections