March 22, 2017 / 8:27 AM / 5 months ago

BUZZ-S Korea's Lotte Chem in talks to buy one-year naphtha: traders

** South Korea's Lotte Chemical is in talks to buy naphtha for a one-year period, traders said, shortly after two other buyers sealed their contracts at discounts

** Lotte Chemical is looking to buy naphtha for June 2017 to May 2018 delivery, they said

** Rivals YNCC and LG Chem had recently signed deals at discounts of about $3.00 to $3.50 a tonne to Japan quotes on a cost-and-freight (C&F) basis

** YNCC's contract was for around 400,000 tonnes of naphtha for April 2017 to March 2018

** LG's contract was for May to July

Reuters Messaging: lipeng.seng.thomsonreuters.com@reuters.net

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