Lotte Chemical Said to Buy Second-Half August Naphtha Cargo

Lotte Chemical Corp. (011170) bought a naphtha cargo for delivery to South Korea in the second half of August, said three traders who participate in the market.

The Seoul-based company purchased 25,000 metric tons earlier this week at a premium of about $4 a ton to Japan prices, the traders 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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