Low premiums paid by LG Chem for 30,000 tons of naphtha for late August arrival

LG Chem has paid lower premiums on 30,000 tons of naphtha for late August arrival, as supply eased on arbitrage. The South Korean petrochem major has paid a premium of US$3/ton- less than half the premium that it shelled out for end-June. Market indicates that the tight supply situation is easing, with about 500,000 tons of Western naphtha have been provisionally booked to arrive in Asia in August.
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