Naphtha crack in Asia eases amid muted spot demand after a string of purchases from North Asia

25-Jul-17

 Asia's naphtha crack eased to a two-session low of US$63.35/ton on Monday, down from a nine-week high on July 21, to reflect muted spot demand following a string of purchases recently from North Asia, as per Reuters.
China's demand for naphtha last month was particularly strong, with imports hitting a 16-month high at nearly 639,000 tons, official data showed. Chinese gasoline exports also went higher in June, with the data showing that the country had shipped out 766,340 tons of petrol last month or the highest monthly volume since April. But gasoline exports in June were down from last June's record volume of 1.1 mln tons. 

 

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