Naphtha cracks in Asia rose for the fourth time to peak to a 13 month high, while naphtha price was at 9 month on firm demand and limited cargoes, as per Reuters. South Korea's LG Chem bought 25,000 tons of naphtha for H2-March arrival at Yeosu at premiums of around US$20/ton to Japan quotes on a cost-and-freight (C&F) basis.
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Friday, February 17, 2012
Naphtha cracks in Asia peak to a 13 month high
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