NewsFlashAsia naphtha crack spread falls to low single-digit levels
13 June 2012 10:59 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>Asia’s naphtha crack spread extended its fall, landing at a low-single digit level on Wednesday, because of persistently bearish market sentiment and poor product margins, traders said.
At the close of Wednesday’s trade, the crack spread between second-half July open-spec naphtha and July Brent crude futures tumbled to $3.27/tonne from $12.45/tonne on Tuesday, according to ICIS.By: Ong Sheau Ling+65 6780 4359
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