Despite loss of demand from Japan, naphtha market in Europe remains tight as falling demand from Japan is outweighed by strong demand from the US and Brazil, as per ICIS. The market had been slightly oversupplied when the Japan earthquake struck on March 11 and there were fears it would lengthen further in the wake of the disaster.
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Tuesday, March 29, 2011
Naphtha strong in Europe as strong demand from USA, Brazil outweighs demand loss from Japan
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