23-Mar-17 South Korea's Lotte Chemical is in talks to buy naphtha for a one-year period, as per traders in Reuters. The company is looking to buy naphtha for June 2017 to May 2018 delivery.
Rivals YNCC and LG Chem had recently signed deals at discounts of about US$3-3.50/ton to Japan quotes on a cost-and-freight (C&F) basis. YNCC's contract was for around 400,000 tons of naphtha for April 2017 to March 2018, while LG's contract was for May to July.
