Tuesday, May 29, 2012

Naphtha in Asia recovers from near 18 month low to a two-session high as Brent crude strengthens

Naphtha prices in Asia recovered from a near 1-1/2 year low on Friday to a two-session high mainly on strong Brent crude, but intermonth premiums persisted at US$5/ton for the fourth consecutive sessiion, down almost 75% from last month, as per Reuters.

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