Naphtha crack in Asia dips to lowest since June 6, as increased supplies expected to offset current demand

29-Jun-17

Asia's naphtha crack fell for the fourth straight session on Wednesday to touch US$54.65/ton, the lowest level since June 6, as expectations of more supplies offset current demand, as per Reuters.
Taiwan's Formosa, Asia's top naphtha importer, was looking to buy naphtha for August delivery to Mailiao through a tender that will close on June 29, with offers to stay valid until June 30.