Saturday, July 03, 2010

Naphtha exports from Europe to Asia could reach zero levels in June

There may be no shipments of naphtha from Europe to Asia in July, akin to the supply scenario in March 2010. Naphtha forward prices are slated to get more expensive than those for prompt delivery for the first time in 8 months, since naphtha exports from Europe to Asia may plunge as demand from Chinese chemical producers slows.

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