Tuesday, November 04, 2008

Naphtha dips to 5 year lows in Asia

Naphtha has dipped below US$250/MT, currently standing at 5 year lows after witnessing a steep plunge from all time highs of US$1200 in July. Interestingly, oil prices have about halved since July, whhile naphtha prices have fallen by almost 70%.

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