As part of the market reaction to additional parcels being booked to move West, Asia's naphtha price eased from a 4 week high, while cracks fell from a near 3 week high, as per Reuters. 450,000-500,0000 tons of naphtha have been fixed, or are provisionally booked, for July-August lifting from the Middle East and the Suez to the West as traders tackle heavy stockpiles in Asia.
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Thursday, July 29, 2010
Naphtha cracks in Asia ease after spiking to three week highs
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