Naphtha margins fall in Asia as crude inches up

22-Dec-10
Naphtha margins in Asia fell for a second day after crude oil prices started to climb, as per Bloomberg. Japan's benchmark open-specification naphtha forward contracts for H2-February were bid at US$863.75/ton to offers at US$866.75/ton today. H1-March cargoes were bid at US$859.75/ton to offers at US$862.75. Naphtha's crack spread to Brent crude declined to US$159.99/ton from US$163.66 yesterday
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