Honam Said to Buy Naphtha for September Delivery to South Korea

Honam Petrochemical Corp. (011170) bought a naphtha cargo for delivery to Yeosu, South Korea, in the second half of September, according to two traders with knowledge of the purchase.

The company paid a discount of 50 cents below benchmark Japan prices, the traders said, asking not to be identified because the information is confidential.

Details of the purchase are as follow:

----------------------------------------------------------------
Product:  Naphtha
Quantity: 25,000 metric tons
Delivery: Second-half September
Port:     Yeosu, South Korea
Price:    Discount of 50 cents below Japan prices
Seller:   Not disclosed
---------------------------------------------------------------

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

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.