Singapore cracking margin against Dubai crude rose to US$7.46/b Monday, its widest in 32 months, supported by firmer light distillate cracks and weaker crude, Platts data showed.
It has widened from US$5/b on November 1, with much of the recovery led by naphtha.
The Singapore cracking margin against Dubai crude was last wider February 25, 2013, at US$7.49/b. Factors supporting the Asian naphtha market include healthy refining margins and delays for December West-to-East arbitrage flows.
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