28 May 2008 04:04 [Source: ICIS news]
First-half July indications were pegged at $1,101.50-1,104.50/tonne CFR (cost and freight) Japan, second-half July at $1,097.50-1,100.50/tonne CFR Japan and first-half August at $1,093.50-1,096.50/tonne CFR Japan.
Early this week, Asian naphtha broke another record by trading at $1,125/tonne CFR ?xml:namespace>
First-half of July closed at $1,138.50-1,139.50/tonne CFR
While profit-taking, a stronger dollar and worries that demand could weaken in the
Asian naphtha prices were up 20.95% versus gains of 20.12% in the Brent crude markets since early May. The former have been lagging behind gains in the latter earlier on due to weak market sentiments.
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