SINGAPORE (ICIS)--South Korea’s Lotte Chemical is seeking by tender naphtha supplies for delivery in the second half of February, said a source familiar with the tender on Monday.
The tender closes later in the afternoon on Monday.
Lotte bought a total of 125,000 tonnes of spot naphtha supplies for delivery in the first half of February.
In its previous purchase, the company bought a 25,000 tonne naphtha cargo for delivery to Yeosu in the first half of February, at a premium of $14/tonne to Japan quotes CFR (cost & freight).
Earlier than that, Lotte bought four 25,000 tonne naphtha cargoes for delivery to Daesan in the first half of February, at a premium of around $15/tonne to Japan quotes CFR.