Wednesday, November 24, 2010

600,000 tons of deep-sea naphtha bound for Asia from Europe in next two months

Asia is to receive 600,000 tons of deep-sea naphtha supply from Europe in December and January, as a recent run-up in prices helped to make arbitrage economics workable, as per ICIS. As demand continuues to be strong, 450,000 tons is slated for arrival in December, and the balance is expected to arrive in January.

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