Amid robust demand Asia's naphtha crack extends gains to reach month high


Asia's naphtha crack extended gains on Thursday for a third straight session to reach a month's high of US$24.70, supported by robust demand, as per Reuters. At least three buyers were seeking spot cargoes, with Japan Mitsubishi Chemical and YNCC securing cargoes for H1-August delivery.

As per industry sources, Mitsubishi Chemical paid prices within the range within parity to slight premium a ton to Japan quotes on a cost-and-freight (C&F) basis, while YNCC paid a slight discount. Through 12-month contracts, Titan was seeking cargoes for October 2019 to September 2020 arrival at Pasir Gudang, while CNOOC was looking to buy naphtha for September 2019 to August 2020 delivery.


  More News  Post Your Comment

Previous News

Next News

{{comment.Name}} made a post.




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