Thursday, July 28, 2011

Continuing demand from gasoline blending pool elevates naphtha prices in northwest Europe

Naphtha prices remained elevated in northwest Europe due to continuing demand from the gasoline blending pool, whilst Eurobob gasoline drifted lower in thin trading, as per Reuters. Naphtha, replacedd by petrochemical end-users by cheaper rival feedstock propane, has found support from gasoline blending amid the driving season.

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