Honam Said to Buy Naphtha for September Delivery to South Korea

Honam Petrochemical Corp. (011170) 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:

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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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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