Thursday, February 18, 2010

Naphtha rises in Asia, naphtha cracks at 3 month low

Naphtha prices in Asia rose in line with rising crude oil prices, mounting to two week highs. Lackluster demand however, has depressed naphtha cracks to three-month lows.
Demand will continue to be bearish due to the upcoming maintenance, resulting in a loss of at least 2.

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