Friday, October 21, 2011

LG Chem pays slight premium for H2 naphtha

LG Chem has paid slight premiums for second-half naphtha cargoes, reflecting a weaker market amid persistent sluggish demand for petrochemicals, as per Reuters. A medium-range cargo was bought for seccond-half arrival at Yeosu and Daesan at premiums close to parity to Japan spot quotes on a cost-and-freight (C&F) basis.

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