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)