12 January 2011 12:32 [Source: ICIS news]
LONDON (ICIS)--European naphtha continues to be sent to Asia because demand from the region's petrochemical sector remains low because economics currently favour the use of liquefied petroleum gas (LPG) as a feedstock, market participants said on Wednesday.
Traders said ?xml:namespace>
The trader noted that around 600,000 tonnes was sent to
Poor economics for gasoline blending have added to the low petrochemical demand, traders said.
The arbitrage to
At 11:45 GMT, the naphtha flat price was assessed at $847-855/tonne CIF (cost, insurance and freight) NWE (northwest
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