Friday, July 08, 2011

Negative physical timespreads continue in Asia on cracker outages and high spot supply expectations

Asia's physical timespreads remained negative after nearly a month as cracker outages and expectations of high spot supplies weighed on prices, as per Reuters.
South Korea's Samsung Total Petrochemiicals picked up an additional spot naphtha cargo for H1-August arrival at a discount of US$3/ton to Japan spot quotes on a cost-and-freight basis.

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