In Europe’s naphtha market, refining margins jumped as traders anticipated a recovery in demand by petrochemical firms, which were said to be switching to naphtha from propane, as per Reuters. Propanee, a rival feedstock, has rallied in recent weeks due to maintenance limiting supply, low stocks for the winter and production problems in the North Sea.
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Friday, August 17, 2012
Naphtha rises in Europe
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