Lotte Chemical Said to Buy Naphtha for Second-Half July Delivery

Lotte Chemical Corp. (011170) bought two cargoes of full-range naphtha for delivery in the second half of July to Daesan, South Korea, according to two traders who participate in the market.

The Seoul-based company purchased about 50,000 metric tons in total yesterday at a premium of $3 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: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

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