Asia naphtha margin falls on speculation that Japan could reduce tax breaks on naphtha cargoes

27-Oct-10
Naphtha margins in Asia fell to US$130.70/ton; the lowest in at least two weeks on speculation that Japan may recommend reducing tax breaks on naphtha cargoes, as per Bloomberg. Japan is one of the biggest importers of the fuel in Asia. A Japanese government tax panel will recommend reducing tax breaks on procurement of naphtha to help offset a proposed cut in corporate tax. The tax breaks amount to 3.7 trillion yen (US$46 billion). Naphtha crack spread was US$135.90/ton at the end of Asian trading on Oct. 12. Open-specification naphtha for delivery to Japan fell 1.3% to US$761.75/ton.
  More News  Post Your Comment

Previous News

Next News

{{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
Reclamax single step plastic recycling machine

Reclamax single step plastic recycling machine

news-plastics-information