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5982 — Maruzen News Story

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Asia Spot Naphtha trade-Maruzen buys H1 June cargo

SINGAPORE, April 27 (Reuters) - 
 (For a list of market-on-close oil product trades                                        
 click [O/AS)                                                    
                                                                                          
                                                                 
 COUNTRY         SPEC        VOL         DATES        BUYER      PRICE
 April 26 2021                                                                            
 Japan           NA         NA           H1 June     Maruzen     +$10-11
 April 23 2021                                                                            
 S Korea         min 75%    NA           H1 June     KPIC        +$9.5
 S Korea         hfrn       NA           H1 June     Hanwha      +$8.5
 S Korea         hfrn       NA           H1 June     GS Caltex   +$8.5
 April 19 2021                                                                            
 S Korea         min 65%    NA           H2 June     LG Chem     small discount, narrower
                                                                 than minus $1 (60 days)
 S Korea         NA         NA           H2 June     YNCC        +$4-$4.5
 Japan           min 65%    25KT         H1 June     Mitsubishi  +$3.6-$3.7
                                                     Chem        
 China           min 75%    50KT         May         CNOOC       high-single premium
                                         20-June 5               
 China           min 72%    80KT         May         CNOOC       high-single premium
                                         20-June 5               
 March 17 2021                                                                            
 S Korea         osn, 65%   NA           H1 May      LG Chem     small discounts (60 days)
 March 5 2021                                                                             
 S Korea               75%  NA           H2 April    Lotte Chem  +$16
 Taiwan                75%  100KT        H2 April    Formosa     +$15
 March 3 2021                                                                             
 S Korea         NA         5-6 cargoes  H2 April    YNCC        +$16
 Feb 4 2021                                                                               
 Singapore             77%  NA           H2 March    PCS         +$16-$17
 Feb 3 2021                                                                               
 S Korea               70%  NA           H2 March    YNCC        +$7
 S Korea               77%  NA           H2 March    KPIC        +$11
 S Korea               77%  NA           H2 March    Lotte Chem  +$13.5-$14
 Taiwan                75%  100KT        H2 March    Formosa     +12
 Feb 2 2021                                                                               
 S Korea         OSN        NA           H1 April    LG Chem     +70-75c (60 days)
 Jan 20 2021                                                                              
 Singapore       Open-spec  at least 1x  H1 March    PCS         NA
                 75%        25KT                                 
 Jan 18 2021                                                                              
 S Korea               80%  NA           H1 March    Lotte Chem  +$17
 Jan 14 2021                                                                              
 Japan           frn        NA           H2 Feb      Idemitsu    just below +$10
 Jan 11 2021                                                                              
 S Korea               70%  NA           H2 Feb      YNCC        ard +$10
 S Korea               77%  NA           H2 Feb      KPIC        +$14-$15
 Japan                 73%  NA           Feb 10-24   Mitsui      ard +$25
                                                     (Osaka)     
 Taiwan                75%  100KT        H2 Feb      Formosa     +$14-$15
 Asia            hfrn       NA           H2 Feb      NA          high single premium
 Dec 22 2020                                                                              
 Taiwan                75%  100KT        Feb         Formosa     ard +$3
 Dec 18 2020                                                                              
 S Korea               80%  NA           H1 Feb      Hanwha      +$17-$18
  Dec 16 2020                                                                             
 S Korea               70%  NA           H2 Feb      LG Chem     NA
 S Korea               75%  NA           Jan 25 to   LG Chem     +$14
                                         Feb 6                   
 S Korea               77%  NA           H1 Feb      KPIC        +$12
 Dec 15 2020                                                                              
 Japan                 80%  NA           H1 Feb      Asahi        +$mid teens (H2 Dec
                                                     Kasei       pricing)
 Dec 11 2020                                                                              
 Japan                 80%  NA           H1 Feb      Asahi        +$13 (H2 Dec pricing)
                                                     Kasei       
 Dec 10 2020                                                                              
 S Korea               70%  NA           H2 Jan      LG Chem     +high single
 Malaysia        NA         NA           H2 Jan      Titan       slight discount
 Dec 9 2020                                                                               
 Singapore       NA         NA           H2 Jan      PCS         NA
 S Korea         hfrn       NA           H2 Jan      Hanwha      NA
 Dec 8 2020                                                                               
 Taiwan          hfrn       NA           H2 Jan      Formosa     -$4
 S Korea               77%  NA           H2 Jan      KPIC         -$5.50 to -$6
 S Korea               80%  NA           H2 Jan      Hanwha      -$6 to -$8
 Dec 4 2020                                                                               
 S Korea         NA         NA           mid Jan     YNCC        lower than +$2
 S Korea                                 H2 Jan      YNCC        slightly above +$2
 Dec 3 2020                                                                               
 Taiwan                75%  100KT        H2 Jan      Formosa     below +$1
 S Korea         NA         NA           H2 Jan      Lotte        -$ 1 to -$2
  Dec 1 2020                                                                              
 Japan           NA         NA           Jan         Showa       +low single digit
                                                     Denko       
   
*HFRN - heavy full range naphtha
    
 NOTE. All prices are on a delivered cif basis at a differential
 to Japanese open-spec naphtha quotes unless otherwise noted.

 (Reporting by Florence Tan; Editing by Rashmi Aich)
 ((Florence.Tan@thomsonreuters.com; Reuters Messaging:
florence.tan.thomsonreuters.com@reuters.net))

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