Lotte Chemical buys naphtha for H1-September delivery at discounts

28-Jul-16

South Korea's Lotte Chemical Corp has bought naphtha for H1-September delivery at discounts of US$8.50-9/ton to Japan quotes on a cost-and-freight (C&F) basis, as per Reuters. This is the deepest discounts paid by a South Korean naphtha buyer this year and can be attributed to a price collapse on prolonged oversupply of naphtha.

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