Monday, October 10, 2011

Honam’s naphtha purchase for H1-Nov at lower premiums indicates softer market

Honam Petrochemical has bought around 50,000 tons of H1-November naphtha at lower premiums, indicating a softer market, as per Reuters. Premium of US$4/ton has been paid by Honamto Japan spot quotes oon a cost-and-freight for a 25,000 ton cargo arriving in Daesan and about US$3.

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