12 January 2011 10:09 [Source: ICIS news]
SINGAPORE (ICIS)--Asia is expected to receive some 400,000-500,000 tonnes of deep-sea naphtha from Europe and the ?xml:namespace>
“The market flipped. Naphtha in
For January, around half a million tonnes of arbitrage naphtha supplies from the West would land in Asia, traders said.
"The market will be amply supplied with these cargoes coming here," said a trader in Tokyo.
Asian naphtha crack spread versus Brent crude futures slumped to a two-month low of $137.73/tonne (€161/tonne) on Wednesday, ICIS data showed.
($1 = €0.77)
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