Naphtha price and margins inch up but fall month on month amid higher inventories

25-Jul-13
The Asian naphtha price and its margin rose less than 1% each to a two-session high of US$901.50 and US$91.73/ton respectively. However, naphtha margins lost nearly 14% of its value from a month ago due to stockpiles, as per Reuters. Malaysia-based Lotte Chemical Titan was heard to have cancelled a tender to buy naphtha for Sept. 16-20 arrival at Pasir Gudang, but this could not be confirmed.
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