Asia's naphtha crack slips to US$72.7/ton amid dull demand ahead of the festive season

28-Dec-16

Asia's naphtha crack slipped from a three-week high to end the week at a two-session low of US$72.75/ton as deals fell into a slumber following a period of demand ahead of the festive season, as per Reuters. Traders' concerns that naphtha oversupply would extend through the first quarter lingered. Crackers shutting for scheduled maintenance in the first-quarter, including in Malaysia and Thailand, will dent demand, they said.