Bloomberg News

Yeochun NCC Said to Buy Naphtha Cargoes for May Delivery

March 30, 2012

Yeochun NCC Co. (YENCCZ) bought three naphtha cargoes for delivery to Yeosu port in South Korea in May at a premium of $19.50 a metric ton to Japan benchmark prices, according to four traders who declined to be identified because the information is confidential.

Details of the purchases are as follow:

----------------------------------------------------------------
Product:  Naphtha
Quantity: Three cargoes or about 75,000 tons
Delivery: First half of May
Port:     Yeosu
Price:    Premium of $19.50 a ton to Japan prices
Seller:   Unidentified
---------------------------------------------------------------

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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