18 November 2009 10:05 [Source: ICIS news]
(recasts second paragraph)
SINGAPORE (ICIS news)--Asian naphtha prices soared to a new 13-month high on Wednesday, with second-half January open-spec contract deals done at $721.00/tonne (€483/tonne) amid firmer crude, strong demand from the petrochemical sector and tighter supplies, market sources said.
Deals were also done at $718.50/tonne CFR (cost and freight) Japan later in open market trading, sources said.
At the close of open market trading, first-half January open-spec naphtha was assessed at $722.00-723.00/tonne CFR ?xml:namespace>
($1 = €0.67)
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|