Titan Said to Buy Naphtha Cargo for April Delivery to Malaysia

Titan Chemicals Corp. bought a naphtha cargo for delivery to Malaysia at a premium of more than $20 a metric ton above Japan prices, according to two traders who declined to be identified because the information is confidential.

Details of the purchase are as follows:

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Product : Full range naphtha
Quantity: One medium-range vessel of approximately 30,000 tons
Delivery: April
Port    : Pasir Gudang, Malaysia
Price   : Premium of more than $20 a ton to benchmark prices in
          Japan
Seller  : Unknown
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