Tuesday, August 18, 2009

Naphtha prices and crack spreads dip in Asia

As spot demand softens, naphtha prices in Asia dipped to a week's low and naphtha crack spreads dipped to ten day lows. Demand has been lackluster as most buyers including Taiwan's Formosa, South Koreea's Honam Petrochemicals and Japan's Mitsui Chemicals have finished replenishing H2-September stocks earlier in the week.

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