Weaker demand diverts European naphtha into Asia

05-May-08
Weaker demand for naphtha in Europe as well other Western countries is promoting arbitrage activity to Asia. Almost 200,000 tons of European naphtha is expected to arrive in Asia in June. As of Monday, Asian open-spec naphtha fetched US$29.25/ton more than European cargoes. Traders generally see a price difference of over US$30/ton as arbitrage opportunities for West-East naphtha open.
  More News  Post Your Comment
{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Name Required.

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha