Asia's naphtha price has reached a three-session high on Thursday, but cracks fell to a 7-week low on heavy supplies and weaker petrochemical import demand in China. Apart from the high Western importts, market is faced with concerns over Chinese buyers deferring shipments of plastics due to high stocks and volatile crude prices were also hurting sentiment.
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Monday, May 31, 2010
Naphtha prices at a three-session high, cracks fall to a 7-week low
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