Friday, November 12, 2010

Asian naphtha price peaks to two year highs, cracks stay at three-week lows

Open spec naphtha prices for H2 December have reached US$799/mt- their highest level since Sept. 26 2008. Naphtha prices in Asia extended gains to reach their highest level in over two years at the sttart of this week, and cracks stayed at a three-week low due to muted spot demand, as per Reuters.

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