Tuesday, January 11, 2011

Honam Petrochemical pays high premium for 50,000 tons naphtha for H2 February arrival

South Korea's Honam Petrochemical has bought at least 50,000 tons of naphtha for H2-February arrival at high premiums due to tight supplies, as per Reuters. Premiums of around US$12-14/ton were paid to Japan spot quotes on a cost-and-freight basis.

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