South Korea’s Lotte Chemical Corp has bought 25,000 tons of spot naphtha supply for delivery to Yeosu in H1-June at a premium of US$7.50/ton to Japan quotes CFR. This premium was considerably lower than premiums paid for its previous spot purchase- Lotte bought 50,000 tons of naphtha for delivery to Daesan in H2-May, at a higher premium of around US$17.50/ton to Japan quotes CFR, as per Reuters.
Taiwan’s Formosa Petrochemical Corp (FPCC) has bought by tender 30,000-60,000 tons of spot naphtha supply for delivery to Mailiao in H1-June, at a less that US$10/ton premium to Japan quotes CFR. FPCC previously bought by tender around 100,000 tons of spot naphtha supply for delivery to Mailiao in H1-April, at a premium in the low-$20s/ton to Japan quotes CFR.
Indian state-owned refiner Oil and Natural Gas Corp (ONGC) has sold by tender a 35,000 ton naphtha cargo to Japanese firm Idemitsu for loading from Hazira on 17-18 May, at a premium of US$34.50/ton to Middle East quotes FOB (free on board). ONGC previously sold by tender a 35,000 ton naphtha cargo to trading firm Vitol for loading from Hazira on 5-6 May. The deal for the cargo was done at a premium of US$39.38/ton to Middle East quotes FOB.
07-May-13 
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