Monday, April 18, 2011

Asia Naphtha at 32 month high; cracks at 1 month peak

Naphtha prices in Asia have recovered to a 32 month high, while cracks are at their highest in about a month as a positive demand outlook continues to boost sentiment, as per Reuters. Taiwan's Formosaa is said to be in private talks with sellers, and could buy H2-May cargoes by next week.

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