Naphtha margins in Asia dived by about 14% to hover around a 5-1/2 month low on Monday at US$64.58/ton premiums triggered by higher supplies and weaker demand, as per Reuters. However, Saudi Aramco and ADNOC both quoted record high offers for naphtha lifting
in H2-2012 and July 2012-June 2013 respectively. This could be because this is a term contract, so weaker demand ahead has to be factored in. On paper, the naphtha market is already in contango, as per a market player.
Delhi: Reliance Industries is seeking a loan of about USD 1 billion to fund its petrochemicals and telecom expansion.
22-May-12 
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