The beginning of the week saw naphtha crack in Asia rise by over US9, rebounding to a near one-week high amid strong spot demand from Asian petrochemical producers. The naphtha crack rose to US$103.4/ton, as per Reuters data.
South Korea's LG Chem and Samsung Total joined Taiwan's Formosa Petrochemical in the spot market on Monday to seek naphtha cargoes for delivery over H2-May. However, results of the spot tenders were not immediately available.
Open spec naphtha prices spiked by US$29/ton, in line with rising crude. Brent crude rose towards US$59 in anticipation of price correction amid a slowdown in US drilling.
14-Apr-15 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}