NewsFlashAsia naphtha crack spread falls below $20/tonne
08 June 2012 11:04 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>Asia’s naphtha crack spread fell below $20/tonne on Friday, because of regional supply glut and poor downstream demand, traders said.
The prompt crack spread versus Brent crude futures narrowed to $17.65/tonne on 8 June, according to ICIS.
“This [is] maybe one of lowest crack spreads ever,” trader said.By: Ong Sheau Ling+65 6780 4359
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