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BUZZ-S Korea YNCC pays discount for naphtha first time since March 23
June 28, 2017 / 10:35 AM / in 4 months

BUZZ-S Korea YNCC pays discount for naphtha first time since March 23

** South Korea’s YNCC buys naphtha on Wednesday at a discount for the first time since March 23, trade sources say

** YNCC pays discounts of about 50 cents a tonne to Japan quotes on a cost-and-freight (C&F) basis for 75,000 tonnes of naphtha for first-half August delivery to Yeosu

** Naphtha comes under pressure as supplies expected to rise

** Naphtha arrivals in Asia next month are seen above 1.2 million tonnes, higher than June volumes of about 1.2 million tonnes. (Reporting by Seng Li Peng)

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