The petrochemical glut in the Asian region has resulted in sliding term naptha premiums relative to previous offers. Kuwait Petroleum Corp (KPC), Asia's no. 2 naphtha supplier had recently arrived at a premium of US$2/ton relative to Middle East quotes on FOB basis for December 2008 - November 2009 naphtha supply contract.
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Friday, November 21, 2008
Asian term naphtha offers slide amid petrochem glut
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