Asia naphtha prices at two-week lows, cracks inched down

Asia naphtha prices fell to a near two-week low, while cracks inched down by around 0.1% on persistent lackluster demand for February cargoes, as per Reuters. However, traders expect buyers from South Korea to start moving by end of week. Traders also expect market fundamentals to weaken, with an expected increase in European cargoes to Asia as USA stops drawing European naphtha. Additionally, India's BPCL has revealed three cargoes, giving the impression that there could be more supplies. If cargoes to be offered by Kuwait rise, it will weigh on sentiments. Open spec naphtha for front-month H2 January slipped by six dollars to US$842/ton, the lowest since Dec. 3.
  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