Wednesday, July 20, 2011

Honam Petrochem buys 50,000 tons naphtha for H2-August at a lower price

Honam Petrochemical bought 50,000 tons of naphtha for H2-August at a lower price, of minus US$3.50/ton Japan spot quotes on a cost-and-freight (C&F) basis for two cargoes to be delivered to Yeosu. Witth the recent purchase, its total spot purchases by tender for next month have totaled to around 125,000 tons, as per Reuters.

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