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Article: Saudi Arabia : S.Korea Lotte Daesan drops Saudi 09 naphtha deal.
- Article from:
- TendersInfo
- Article date:
- January 1, 2009
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Byline: manish03
South Koreas Lotte Daesan Petrochemical has dropped its 2009 contract with Saudi Aramco for 150,000 tonnes of naphtha, and replaced the lost volume by buying from other sellers, traders said on Wednesday.
Instead, it bought a total 500,000 tonnes of open-spec and full-range naphtha for March-December 2009 arrival at a discount of $4.00-$7.00 a tonne to Japan quotes on a cost-and-freight (C&F), up from its original ...