19 June 2012 08:43 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>
No details were specified on the volumes delivered to Yeosu and Daesan ports, they added.
The tender will close on 20 June, with bids will be valid till 22 June.
Most traders were not keen in offering for this term contract because it was difficult to secure premiums, given the bearish sentiment.
“The term will likely conclude at discount levels, close to Honam’s latest spot purchases. So, I don’t think traders are interested,” a Singapore-based trader said.
Late on 18 June, Honam bought two 25,000 tonne cargoes of full-range naphtha at a slight discount