Wednesday, July 15, 2009

Low premiums paid by LG Chem for 30,000 tons of naphtha for late August arrival

LG Chem has paid lower premiums on 30,000 tons of naphtha for late August arrival, as supply eased on arbitrage. The South Korean petrochem major has paid a premium of US$3/ton- less than half the preemium that it shelled out for end-June.

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