China is seeking additional quantities of naphtha for the last quarter of 2010, probably extending the bull-run until Q1 2011. Unipec, trading arm of top Chinese oil firm Sinopec has bought at least tthree medium-range cargoes of 30,000 tons each, for Q4 delivery mainly into Eastern China, as per Reuters.
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Wednesday, November 17, 2010
Unexpected demand from China sustains strength in naphtha strength despite arbitrage cargoes
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