Naphtha prices in Asia have plunged to 14 week-lows as cracks hit their lowest in two months amid pressures from demand cuts triggered by maintenance shutdowns at petrochemical plants.
South Korea''s Honam bought three cargoes of 67,500-90,000 tons for March arrival at premiums a tad over US$7/ton to Japan spot quotes on C& basis.
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Tuesday, February 02, 2010
Naphtha prices in Asia plunge to 14 week lows
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