Amid steady demand from end-users and balanced supply, CIF Northwest European naphtha physical cargo's premium over the front-month CIF NWE naphtha swap rose to a one-month high of US$7.75/mt as per trading sources in Platts. The last time the CIF NWE naphtha cargo was assessed at a higher premium over the front-month swap was May 1, when it was assessed US$9/mt higher.
Petrochemical end-users continue to enjoy great margins and were thus running at high rates. According to a trader, there were currently not a lot of naphtha cargoes on offer in Northwest Europe. Meanwhile, the naphtha paper market strengthened Monday, boosted by a rally in the gasoline paper market, especially RBOB futures, according to market participants.
03-Jun-15 
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