Mitsui & Co., Japan's second-biggest trading company, has closed out all futures positions at its Singapore unit- Mitsui Oil (Asia) Pte. Ltd., which had lost US$81 million as of November 17 from naphtha trading.
Mitsui Oil (Asia) Pte. Ltd. now holds only physical positions and no positions in futures, including naphtha contracts. It is possible that the Singapore unit might no longer be able trade energy futures.
22-Nov-06 
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