LG Chem Said to Buy Naphtha Shipment for First-Half of February

LG Chem Ltd. (051910) purchased a naphtha cargo for first-half February delivery to South Korea, according to two traders who participate in the market.

The company bought about 25,000 metric tons at a premium of about $16 to $17 a ton to Japan benchmark prices, the traders said, asking not to be identified because they aren’t authorized to speak to the media.

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 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.