02 August 2007 12:23 [Source: ICIS news]
LONDON (ICIS news)--In a rare arbitrage 28,000 tonnes of naphtha have been fixed from ?xml:namespace>
The deal was fixed by commodity trader Trafigura and the cargo was expected to arrive on European shores on Wednesday 8 August.
Pricing details were not available as the cargo has already been sold on. Traders said that a European major had bought it but this could not be confirmed.
Fixing a cargo from
The market has weakened in recent weeks due to lacklustre demand from both petrochemical end-users and gasoline producers.
Arbitrage options from Europe to
Open-spec naphtha prices were last assessed by global chemical market intelligence service ICIS pricing at $645-655/tonne CIF (cost, insurance and freight) NWE (northwest
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