NewsFlashAsia naphtha falls under $600/tonne

10 October 2008 10:38  [Source: ICIS news]

SINGAPORE (ICIS news)--Asian naphtha has breached the $600/tonne mark - its lowest level since February 2007 - on tumbling crude markets, industry sources said on Friday.

 

A first-half December contract was traded at $592/tonne CFR (cost and freight) Japan between Sempra and Vitol.

 

NYMEX light sweet crude futures have fallen from the peak of $147/bbl to $82.20/bbl on a weak global economic slowdown.

 

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By: Desmond Chia
+65 6780 4359

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