Lotte Chemical Said to Buy Naphtha Cargoes for August Delivery

Lotte Chemical Corp. (011170) bought two naphtha cargoes for delivery to South Korea in the first half of August, according to two traders who participate in the market.

The Seoul-based company bought a total of 50,000 metric tons of the fuel at a premium of $2 a ton to benchmark Japan prices, the traders said, asking not to be identified because the information is confidential. The purchase was made earlier this week.

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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