Asia naphtha prices are expected to peak to a 3 year high, amid robust global crude futures and reduced deep-sea supply from the West, as per ICIS. H1-June naphtha contract rose to US$ 1099-1102/ton CFR (cost & freight) Japan on Thursday. Naphtha cargoes from northwest Europe and the Mediterranean are estimated to be 250,000 tons for May arrivals in Asia, down sharply from the regular monthly arbitrage imports of around 300 -500,000 tons.
02-May-11 
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