Naphtha margins in Asia decline

24-Dec-10
Naphtha margins in Asia declined from the highest this month after an industry report showed stockpiles rose in Japan, as per Bloomberg. Gasoil advanced to the highest since October 2008. Crack spread fell to US$163.4/ton from levels of US$171.84/ton at the end of Asian trading. Open-spec naphtha for delivery to Japan dropped by two dollars to US$869.7/ton.
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