05 August 2011 11:55 [Source: ICIS news]
By Felicia Loo
SINGAPORE (ICIS)--Naphtha prices in ?xml:namespace>
Battered by a slump in global crude futures, the second-half September naphtha contract closed at $905.50-907.50/tonne (€642.91-644.33/tonne) CFR (cost and freight) Japan – the lowest since 29 June 2011, according to ICIS data.
Prices had fallen from $1,012-1,014/tonne CFR Japan on 1 August, the highest this week. The contract soared after
September Brent crude on
In open market trading on Friday, a second-half October naphtha cargo changed hands at $905.00/tonne. A second-half October cargo was done at $968.00/tonne on Thursday, ICIS data showed.
($1 = €0.71)
For more on naphtha, visit ICIS chemical intelligence
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