27 January 2012 04:23 [Source: ICIS news]
(adds paragraphs 5-7 on Reliance Industries' naphtha offers)
“The Asian market is facing tighter supply,” said one trader.
On Thursday, the naphtha crack spread surged to an eight-month high of $143.38/tonne (€108.97/tonne) against Brent crude futures, according to ICIS data.
The company has cut February export availabilities to two cargoes from the usual three to four lots, they added.
In addition, there are some issues related to oil products loading in one of major ports in
($1 = €0.76)
For more on naphtha, visit ICIS chemical intelligence
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