Asia's naphtha margins rose for the third session on Monday, by about 21% to almost 10 day high of US$28.70/ton premium, as per Reuters. Demand appeared stronger compared to last week, with South Korea's LG Chem and Honam Petrochemical and Japan's Idemitsu seeking H2- July cargoes through tenders. However, spot naphtha supplies are not lacking, causing prices to remian at discounted levels. Some of the optimism on Monday also stemmed from expectations that polymer prices may increase following run rate cuts to combat bad margins.
19-Jun-12 
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