Asia to receive sharply lower Europe naphtha supply in March

02 February 2012 03:21  [Source: ICIS news]

SINGAPORE (ICIS)--Asia is expected to receive 110,000-150,000 tonnes of arbitrage naphtha from Europe in March, down from 420,000 tonnes slated to arrive in February, traders said on Thursday.

European refiners are using more naphtha for gasoline blending, while high liquefied petroleum gas (LPG) prices have prompted European crackers to use more naphtha instead, they added.

“Supplies are very tight in Asia,” said one trader.

In January, some 250,000-300,000 tonnes of European naphtha arrived in Asia, traders said.

By: Felicia Loo

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