KPC realises lower premium on full-range naphtha for August 10-July 11 loading

Weak petrochemical margins and ample arbitrage supplies have resulted in lackluster buying sentiments, affecting premiums realized by sellers. Premiums realized by Kuwait Petroleum Corp on full-range naphtha for August 2010 to July 2011 loading to Asian buyers have been lower premium as per Reuters. It is reported that one buyer, probably a Japanese trader has accepted the deal at US$21/ton to Middle East quotes, on a free-on-board (FOB) basis, but two trading firms are mulling purchases at over US$20/ton premium. KPC’s buyers usually include Japan's Marubeni, Mitsubishi Chemical and Maruzen, India's Haldia, Taiwan's CPC and South Korea's Hanwha.
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