Tuesday, June 21, 2011

European naphtha cargo range drops in line with lower Brent crude prices

The European naphtha cargo range fell by US$29/ton (€21/ton) due to lower Brent crude prices, as per ICIS. On Thursday, at 10.00 GMT, the naphtha range was assessed at US$928-936/ton CIF (cost, insuraance & freight) NWE (northwest Europe), with August Brent crude at US$113.

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