Wednesday, May 23, 2012

Naphtha margins in Asia dip by 14% to 5-1/2 month lows

Naphtha margins in Asia dived by about 14% to hover around a 5-1/2 month low on Monday at US$64.58/ton premiums triggered by higher supplies and weaker demand, as per Reuters. However, Saudi Aramco annd ADNOC both quoted record high offers for naphtha lifting
in H2-2012 and July 2012-June 2013 respectively.

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