S.Korea Honam seals July '12-June '13 naphtha deal
SINGAPORE, June 25
SINGAPORE, June 25 (Reuters) - South Korea's Honam Petrochemical has agreed to pay a higher price for naphtha supplies arriving in a 12-month period starting July versus cargoes being delivered in January-December this year, traders said on Monday.
Honam will pay around a discount of 50 cents a tonne to Japan quotes on a cost-and-freight (C&F) basis for naphtha arriving at Yeosu during July 2012 to June 2013.
It will pay a premium of 50 cents a tonne for cargoes arriving in Daesan during the same period. (Reporting by Seng Li Peng; Editing by Sunil Nair)
- Moscow fights back after sanctions; battle rages near Ukraine crash site |
- Carnage at U.N. school as Israel pounds Gaza Strip |
- U.S. economy back on track with strong second-quarter rebound |
- Argentina fails to reach debt agreement, default looms
- Obama to Republicans: ‘Stop just hatin’ all the time’