Wednesday, December 15, 2010

Asia naphtha price slips

Asia naphtha price slipped to a two-session low on Tuesday. Naphtha cracks extended losses to dip to their lowest in nearly three weeks on muted demand for February spot parcels as per Reuters. Demandd is muted due to incoming arbitrage cargoes, but is expected to remain strong as not many factors are at play to bring the market down.

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