Naphtha crack in Asia rises to reach over a three-month high, crosses US$80/ton

03-Aug-17

Asia's naphtha crack rose for the fifth straight session on Tuesday to reach slightly over a three-month high of US$80.05/ton, while gasoline crack was at seventh-session high of US$11.49 a barrel supported by a refinery outage in the Netherlands, as per Reuters.

Most of the units at the 404,000 bpd Pernis oil refinery in Rotterdam operated by Royal Dutch Shell were shut following a power supply fire. This has acted as a catalyst behind the stronger market.
Taiwan's CPC bought full-range naphtha for September arrival at a premium of about US$1/ton to Japan quotes on a cost-and-freight (C&F) basis. Spot prices in South Korea, Asia's top naphtha importer by volumes, were in discounts last month for cargoes scheduled for first half August to first-half September delivery.