Naphtha price and cracks tumble in Asia in anticipation of lower demand as plants shut for planned maintenance

15-Feb-11
Asia's naphtha price dropped to its lowest in a week, while cracks fell to over 4 month lows, on expected drop in spot demand due to maintenance at petrochemical plants starting next month in Japan and South Korea, as per Reuters. Also, since most buyers have finished buying, limited buying interest was seen in the markets. Open spec naphtha for front-month H2-March fell by eight dollars to US$868/ton, while naphtha cracks fell by over seven dollars to US$106.9/ton.
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