Naphtha cracks - the premiums/losses from refining Brent crude into naphtha, have dropped by over 5 dollars to US$76/ton. Cracks have ebbed to their lowest since Oct. 16, 2009 on concerns over demand on news of a fire that forced a shutdown at Taiwan's Formosa Petrochemical Corp’s 700,000 tpa naphtha cracker for about a month.
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Thursday, July 08, 2010
Naphtha cracks down to 8 month lows in Asia
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