Monday, March 14, 2011

North Asian demand props up naphtha price and cracks in Asia

Asia's naphtha price recovered to a three-session high on Thursday, while cracks lingered near their highest level in a week, supported by North Asian demand, as per Reuters.
Formosa Petrochemical and Honam Petrochemical purchased t a total of about 200,000 tons for H2-April arrival, a day after LG Chem and Samsung Total had bought at least 75,000 tons for H2-April arrival.

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