Honam Petrochemicals buys H2 December naphtha at 4 month lows

16-Nov-11
Honam Petrochemical has concluded purchase of H2-December naphtha at about minus US$3/ton to Japan quotes on a cost-and-freight (C&F) basis to Daesan, lowest price paid in South Korea in about four months, as per Reuters. The steeper discount reflects a market repeatedly hit by ample supplies.
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