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Naphtha price, naphtha cracks fall in Asia

09-Mar-11

Naphtha price in Asia has fallen to two-session low and cracks have fallen to two session lows on slow spot demand, as per Reuters. Asia will receive fewer European cargoes as they have been booked by USA, upcoming cracker maintenance in the East is set to reduce demand and counter the lower supplies. Front-month H2-April open spec naphtha dipped to US1020/ton, while cracks fell by almost 8 dollars to US$142.80/ton premium.

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