As supplies start increasing, naphtha cracks in Asia ended the week at US$148.25/ton, more than 15 percent lower than a month ago. India's exports for April are expected to hit a four-month high of abbout 900,000 ton, hence supplies are no longer as limited as before, although ongoing refinery maintenance in the Middle East will cushion any likely sharp price drops, as per Reuters.
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Tuesday, April 03, 2012
Naphtha cracks in Asia dip by almost 15% from February
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