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Lotte Chemical Said to Buy Naphtha Cargoes for April Delivery

Lotte Chemical Corp. (011170) bought four naphtha cargoes totaling about 100,000 metric tons for second- half April delivery to South Korea, according to two traders who participate in the market.

The company bought the cargoes last week from an unidentified seller at a premium of $25 to $26 a ton to Japan benchmark prices, the people said, asking not to be identified because the information is confidential.

To contact the reporter on this story: Ann Koh in Singapore at akoh15@bloomberg.net

To contact the editor responsible for this story: Mike Anderson at manderson34@bloomberg.net

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