London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950
info@mrcplast.com

Our Clients

Order Informer

 
Home > News >
 

Asia's naphtha price was near a one-week low on Monday

May 31/2011

(Reuters) - Asia's naphtha price was near a one-week low on Monday, while timespreads fell to their lowest in 7 and half months as a prolonged cracker shutdown in Taiwan hurt sellers. The lost demand also sent cracks to their lowest in about 2 and half months and reduced Asian prices to levels lower than in Northwest Europe.


This helps open the opportunity for traders to move Gulf and Mediterranean cargoes to the West, provided they can find buyers.


June/July swaps timespreads were at a discount of USD 2.00 a tonne, down from a premium of 25 cents, making this the first contango since Feb. 22. 


mrcplast.com

Tags:No
Category:General News
|
| More

Leave a comment

MRC help

 


 All News   News subscribe