Lotte Chemical Said to Buy Naphtha Cargoes for April Delivery
Lotte Chemical Corp. (011170) bought four naphtha cargoes totaling about 100,000 metric tons for second- half April delivery to South Korea, according to two traders who participate in the market.
The company bought the cargoes last week from an unidentified seller at a premium of $25 to $26 a ton to Japan benchmark prices, the people said, asking not to be identified because the information is confidential.
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