22 November 2010 03:46 [Source: ICIS news]
(adds Honam deal, naphtha prices)
For December, the volumes were expected to be 450,000 tonnes, and the remainder would be for January arrivals, they added.
“The arbitrage cargoes will prevent the market from overheating,” said a trader in
Last week, the European naphtha cargo market traded within a range of $760-790/tonne (€555-578/tonne) CIF (cost, insurance and freight) NWE (northwest Europe), versus $796-806/tonne CFR (cost and freight) Japan in Asia, ICIS data showed.
Demand from end-users remained strong in
The prompt first-half January naphtha crack spread versus January ICE Brent crude was assessed at $156.03/tonne on 19 December, up from $150.13/tonne on the previous week, ICIS data showed.
($1 = €0.73)
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