NewsFlashAsia naphtha crack spread falls to low single-digit levels

13 June 2012 10:59  [Source: ICIS news]

SINGAPORE (ICIS)--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
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