Naphtha margins rise in Asia

05-Aug-11
Naphtha margins are on the rise in Asia. Naphtha's premium to London-traded Brent crude futures (crack spread) rose to US$119/ton from US$111 on the previous day, as per Bloomberg. Glencore International AG sold 25,000 tons of naphtha for delivery in H1-October at US$966/ton and 25,000 tons for H2-October at US$968/ton to Royal Dutch Shell Plc. Trafigura Beheer BV sold 25,000 tons for H1-October to Noble Group at US$969/ton.
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