Asia's naphtha price and cracks were at their highest in about a week on Monday, expected to cool down soon as traders remain unconvinced that supplies are as tight as they seem, as per Reuters. Craccks have been climbing since March 16, with nearly an 11% surge on Monday, but traders said bulls were focusing too much on supply disruptions in Japan after the earthquake.
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Wednesday, March 23, 2011
Asia's naphtha price and cracks climb to their highest in about a week
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