Demand from South Korea inches up naphtha crack in Asia

21-Oct-14
Naphtha crack in Asia inched up by about 2% to a three-session high of US$68.8/ton amid increased demand and healthy supplies, as per Reuters. South Korea's Lotte Chemical returned to the market on Monday to buy a H1-December open-spec naphtha cargo at about minus US$13/ton to Japan quotes on a cost-and-freight (C&F) basis, traders said. Lotte Chemical is also said to have bought a full-range naphtha cargo for delivery to Daesan at about US$11/ton below Japan quotes on a C&F basis.
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