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Mitsui Chemicals Buys Kuwait Naphtha Cargo at $35 to $40 a Ton

Mitsui Chemicals Inc. (4183) bought a naphtha cargo from Kuwait Petroleum Corp. last week, according to two traders who participate in the market.

The cargo traded at a premium of $35 to $39 a ton to Middle East benchmark prices, the traders said, declining to be identified because the information is confidential.

Details of the purchase are as follow:

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Product:   Light naphtha
Quantity:  24,000 tons
Loading:   End of May
Port:      Kuwait
Price:     Premium of $35 to $39 a ton to Middle East prices
Seller:    Kuwait Petroleum
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To contact the reporter on this story: Ann Koh in Singapore at akoh15@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

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