NWE naphtha prices see marginal decline amid weak demand for summer grade products

10-Apr-13
Gasoline and naphtha prices in northwest Europe slightly declined on Monday as demand for summer grade products remained weak, as per Reuters. Winter-grade gasoline was selling at a premium to summer quality as the cold weather continued to support demand, traders said. The switch to summer-grade gasoline usually takes place during the month of March, but large stocks and the cold weather have extended demand for the more cold-resistant winter grade. In the naphtha market, prices also declined, as the remained bearish due to the lack of demand from both petrochemical plants and gasoline blenders.
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