Monday, November 22, 2010

Naphtha and naphtha cracks ease in Asia

Formosa's decision to delay start up of its naphtha cracker has weighed on cracks which eased to a two-session low on Friday at US$159.5/ton premium from a 8-1/2 month high the previous day. Mid week,, naphtha prices eased by about 3 dollars - front month H1-January dipped to US$796/ton, its lowest level since Nov.

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