Naphtha prices continue to fall, cracks end at week lows

09-Mar-11
Naphtha prices and naphtha cracks have ended near a one-week low on slow demand as per Reuters. Persistent turmoil in the Middle East has propped market sentiment, but that impact was starting to wear. In terms of fundamentals, Asia is not in short supply, as demand is lower due to cracker turnarounds. Open spec Naphtha for H2-April fell to US$994.50/ton while cracks eased by over five dollars to US$137.40/ton premium, lowest since March 2.
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