Sunday, December 04, 2011

Jan cargoes continue getting picked up by South Koreans: Naphtha near two-week highs

Asian naphtha prices rose to near a two-week highs on Tuesday, while timespreads and cracks were at at five-week high as South Korean buyers continued to pick up January cargoes, as per Reuters. LG Chhem and Honam Petrochemical have bought a total of atleast 75,000 tons, while Samsung Total has bought around 25,000 tons.

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