Naphtha prices in Asia have spiked to a three week high on Wednesday supported by Brent crude. Naphtha cracks hover around a 3-1/2 month high on firm sentiments, as per Reuters. South Korea's Samssung Total bought around 50,000 tons of open-spec grade naphtha at premiums of US$4-5/ton to Japan spot quotes on cost-and-freight (C&F) basis, similar to what rival LG Chem paid on Tuesday.
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Friday, August 26, 2011
Spike in Asian naphtha to 3 week highs supported by Brent crude, cracks strengthen
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