Naphtha cracks in Asia at 10 month low on expectations of higher supplies from the Gulf amid weak demand from Taiwan

Asia's naphtha cracks eased to a 10-month low as sentiment dived on expectations of higher supplies out of the Gulf at a time when Taiwan's demand has not been restored, as per Reuters.
South Korea''s Honam benefited from the weak market, locking in 25,000-50,000 tons of open-spec grade for H1-July arrival at Daesan at a discount of US$3/ton to Japan spot quotes on a cost-and-freight (C&F) basis.

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