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Honam agrees to pay higher price for July 2012-June 2013 term naphtha

25-Jun-12

Honam Petrochemical has agreed to pay a higher price for naphtha supplies arriving in a 12-month period starting July 2012 versus cargoes being delivered in January-December 2012, as per Reuters. Honam will pay around a discount of 50 cents/ton to Japan quotes on a cost-and-freight (C&F) basis for naphtha arriving at Yeosu and a premium of 50 cents/ton for cargoes arriving in Daesan from July 2012 to June 2013.

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