Asian naphtha prices at more than two year highs, cracks at near four week lows

12-Nov-10
Naphtha prices in Asia inched up to stay at its highest level in over two years on Tuesday, and naphtha cracks slipped to near four-week lows on a temporary buying lull from petrochemical makers, as per Reuters. Expectations abound that South Koreans will to emerge to buy December cargoes, as the naphtha crackers are operating at peak rates and almost all South Korean buyers are considering additional spot cargoes.
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