As tight supply scenario eases, Asian naphtha cracks have been negatively impacted. Currently, crack spreads are at their lowest in two weeks at US$103/ton premium. India's MRPL and ONGC have realizedd lower premiums for naphtha sold this week, as a delayed monsoon could trigger increased naphtha exports from India.
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Wednesday, September 16, 2009
MRPL, ONGC sell naphtha at a lower premium as tight supplies ease
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