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Honam Said to Buy Naphtha for September Delivery to South Korea

Honam Petrochemical Corp. bought a naphtha cargo for delivery to Yeosu, South Korea, in the second half of September, according to two traders with knowledge of the purchase.

The company paid a discount of 50 cents below benchmark Japan prices, the traders said, asking not to be identified because the information is confidential.

Details of the purchase are as follow:

Product:  Naphtha
Quantity: 25,000 metric tons
Delivery: Second-half September
Port:     Yeosu, South Korea
Price:    Discount of 50 cents below Japan prices
Seller:   Not disclosed

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