NWE naphtha prices see marginal decline amid weak demand for summer grade products

Gasoline and naphtha prices in northwest Europe slightly declined on Monday as demand for summer grade products remained weak, as per Reuters. Winter-grade gasoline was selling at a premium to summer quality as the cold weather continued to support demand, traders said. The switch to summer-grade gasoline usually takes place during the month of March, but large stocks and the cold weather have extended demand for the more cold-resistant winter grade. In the naphtha market, prices also declined, as the remained bearish due to the lack of demand from both petrochemical plants and gasoline blenders.
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