S-Oil Said to Sell Naphtha Cargo for June Loading to Itochu
S-Oil Corp. (010950) sold about 30,000 metric tons of naphtha for June loading from Onsan, South Korea, according to two traders who participate in the market.
S-Oil sold the cargo to Itochu Corp. (8001) at a premium of at least $10.50 a ton to Japan benchmark 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 firstname.lastname@example.org
To contact the editor responsible for this story: Alexander Kwiatkowski at email@example.com