Wednesday, July 20, 2011

Spot naphtha premiums in NWE supported by buoyant blending demand

Spot naphtha premiums in Northwest Europe firmed by over US$5/mt last week, supported by a dearth of prompt cargoes stemming from recent demand into the gasoline blending pool, as per Platts. The premmium for spot naphtha cargoes CIF NWE over front-month swaps closed last Friday at US$7.

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