November 21, 2017 / 8:56 AM / 24 days ago

BUZZ-South Korea's YNCC pays more for naphtha

** South Korea’s YNCC pays $12 a tonne above Japan quotes on a cost-and-freight (C&F) basis for naphtha scheduled for first-half Jan delivery to Yeosu

** Premium is not only 17 percent higher versus cargoes bought for second-half Dec 2017 delivery but highest YNCC paid since late March 2015

** Sellers are reaping the benefits of a squeezed market, with SK Energy having inked a term deal to sell light naphtha for 2018 at $4 a tonne above Japan quotes on an FOB basis versus discounts of $4 fetched for cargoes sold in 2017. (Reporting by Seng Li Peng)

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