Monday, April 25, 2011

Naphtha demand in Europe continues to be weak on persistent high prices

Persistently high naphtha prices in Europe are continuing to push down demand, as per ICIS.
In line with rising crude oil, naphtha peaked a 33 month high on 8 April, assessed at US$1054-1062/ton CIF (cost, insurance and freight) NWE.

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