Naphtha crack in Northwest Europe rises to 6 week high on balanced supply, lower crude

29-Jul-15

The CIF Northwest Europe front-month naphtha crack swap strengthened to a 6 week high of minus US$2.90/barrel at the start of the day, reflecting the slump in crude futures to a four-month low, as per Platts. The last time the CIF NWE front-month naphtha crack was assessed higher was at minus US$2.85/b on June 11, as per Reuters According to trading sources, sentiment in the NWE naphtha market was supported Monday by a small increase in buying interest against a backdrop of balanced open-spec supply and healthy light virgin naphtha availability