Friday, April 13, 2012

Naphtha/Gasoline spread touch 10 day high in Asia

Naphtha price in Asia fell to a week low on Tuesday, in line with a decline in Brent crude, but front-month spreads were near their highest in 1-1/2 weeks on firm demand, as per Reuters. Front-montth spreads (the difference between premiums for H2-May and H2-June), were at US$16/ton, while naphtha was at US$1,065/ton.

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