SINGAPORE, Sept 18 (Reuters) - South Korea's SK Energy hassold 30,000 tonnes of spot naphtha for second-half Octoberloading to oil major BP, a rare buyer of the refiner's spotnaphtha, traders said on Wednesday.
The deal done price was not immediately clear but traderssaid levels could be similar to a deal done between Itochu andSK Energy for a cargo lifting in end August at flat to Japanquotes on a free-on-board (FOB) basis.
The South Korean top refiner by capacity, whose naphthacargoes are usually targeted at the Japanese market, had beensaid previously to have sold a September parcel to Socar butthis could not be confirmed.
Overall, the naphtha market has fallen sharply compared tofirst quarter of this year when refinery maintenance and strongdemand created a supply crunch.
In March for example, SK Energy sold an April cargo toMarubeni at a premium of $50 and $52 a tonne to Japan quotes ona FOB basis.
BP (BP.)
