South Korea’s Lotte seeks second-half February naphtha supply

13 January 2014 03:52 Source:ICIS News

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.

By Felicia Loo