Asia's naphtha price ended the previous week at a two-week low, with cracks at a 1-½ month low, on muted sentiments by demand loss from Taiwan' Formosa following a cracker shutdown, as per Reuters. Thhe persistent gloomy mood in Asia since late last week vs healthy demand in Europe caused the physical East-West naphtha differentials to turn negative for the first time since April 1.
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Wednesday, May 25, 2011
Naphtha ended last week at two-week lows on demand loss from Formosa
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