Naphtha price dips in Asia on lower crude

09-Oct-12
Naphtha in Asia dipped to a two-session low of US$957.50/ton on Monday amid lower Brent crude, while the intermonth premium fell to a two-week low of US$11.50/ton on muted spot purchases from petrochemical makers, as per Reuters. Intermonth premium refers to the difference between the front-month H2-November and H2-December prices. Markets in Japan were closed for a holiday and buyers in South Korea have retreated amid falling feedstock crude prices in wait of a clearer price direction. Since markets have been very quiet it is not easy to judge if the incoming Western cargoes are in surplus or just about right to match demand.
  More News  Post Your Comment

Previous News

Next News

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

*

Name Required.

*

Please enter Company Name.

*

Please Select Country.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha
Moulds for lotion pump

Moulds for lotion pump