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BUZZ-S Korean naphtha spot premiums flip to discounts
March 7, 2017 / 8:40 AM / 9 months ago

BUZZ-S Korean naphtha spot premiums flip to discounts

** South Korea’s naphtha spot premiums flip to discounts for the first time in two months due to higher inventory, trade sources say

** YNCC buys a total of about 75,000 tonnes of naphtha for second-half April arrival at Yeosu at discounts of about $3.50 a tonne to Japan quotes on a cost-and-freight (C&F) basis

** This is the first discount since Jan. 5 and also marks the lowest price in South Korea since Dec. 14

** Japan’s Showa Denko, Mitsubishi Chemical also pay discounts in the previous session for cargoes delivering in first-half May

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