Wednesday, April 13, 2011

Arb reversal as Middle East ships 150,000 tons naphtha to West

Around 150,000 tons of naphtha will be shipped from the Middle East to the West, as per Reuters. The Middle East will export three naphtha cargoes west to Europe and USA instead of East to Asia, in a rare reversal of the usual arbitrage flows, as European naphtha prices flip to a premium at Asian levels this week.

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