Asian naphtha cracks hit a three-session high of US$119/ton mostly due to market reaction to contaminated cargoes from Rabigh, but saw limited price gains on heavy arbitrage arrivals- 1.2 mln tons of naphtha from refiners in Europe is scheduled to arrive within a couple of months.
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Monday, June 07, 2010
Middle East naphtha prices could rise as Rabigh-grade naphtha gets contaminated
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