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.
14-Jul-09 
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