Formosa's decision to delay start up of its naphtha cracker has weighed on cracks which eased to a two-session low on Friday at US$159.5/ton premium from a 8-1/2 month high the previous day. Mid week, naphtha prices eased by about 3 dollars - front month H1-January dipped to US$796/ton, its lowest level since Nov. 8, as per Reuters. Naphtha cracks rose by about 13 dollars to US$163.30/ton, the highest since March 3.
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