Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

South Korea end-users seal term naphtha supply amid weak spot market

Agriculture | Natural Gas | Oil | Metals | Petrochemicals

US-China Trade Tension


Platts Market Data – Oil

NGL | Oil | Crude Oil | LPG | Oil Risk | Petrochemicals

Platts University New York


Japan ships Khafji crude from reserves to Sinopec refineries in Shandong: sources

South Korea end-users seal term naphtha supply amid weak spot market

Singapore — Low cash differentials for spot cargoes against a backdrop of weak Asian naphtha complex have prompted a few South Korean olefins producers to secure feedstocks ahead for the year.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Both Lotte Chemical and Yeochun NCC have secured paraffinic naphtha supply for delivery over August 2019-July 2020 during the week of May 13-17, sources close to the company confirmed Tuesday.

Yeochun NCC has inked the one-year contract for minimum 70% paraffin content naphtha at a premium of $1.00/mt to the Mean of Platts Japan naphtha physical, CFR basis, while Lotte Chemical has sealed the contract around a similar premium.

The total volume procured by both companies, however could not be confirmed. But it was widely believed that YNCC secured around 300,000 mt in the contract, or around one Medium Range cargo to be delivered each month.

Cash differentials for CFR Korea spot paraffinic naphtha cargoes have slumped to the weakest point this year, at minus $1.75/mt to the Mean of Platts Japan naphtha physical Tuesday, amid a supply overhang in the region.

--Sue Koh,

--Edited by Nurul Darni,