Saturday, May 26, 2012

NWE outright naphtha plunges to over one-year low amid falling crude

The CIF Northwest European naphtha price fell by over five dollars from Tuesday's close to be assessed by Platts at US$830/mt, the lowest since January 26, 2011, when it was assessed at US$829.75/mt. The outright price has been under pressure recently from falling ICE Brent crude prices.

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