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)
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