Naphtha Cracks plunge to 8 month lows, Asian naphtha falls

Naphtha cracks in Asia have plunged to 8 month lows and Asia's naphtha price fell to three-week low, as oversupply dragged down sentiments despite demand from South Korea. LG Chem has purchased 100,000 tons of naphtha from three sellers for H1-August arrival at Daesan and Yosu at discounts of US$4.50/ton and US$5/ton, respectively, to Japan spot quotes on a cost-and-freight (C&F) basis. The reason for the steep discounts could be an attempt by traders to find buyers for their Western barrels arriving in Asia.
  More News  Post Your Comment

Previous News

Next News

{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha