Naphtha cracks peak to two month highs, market in Asia continues to gain momentum

Asia's naphtha market continued to gain momentum on Monday with cracks reaching a two month high on demand from Korea, as per Reuters. Low inventory levels have prompted South Korean buyers to purchase January cargoes, supporting the naphtha market. The price for front-month H2-January open spec naphtha rose to US$905/ton. Cracks for H1-January rose to US$95.90/ton.
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