08 August 2012 08:54 [Source: ICIS news]
The spread between the second-half September and the second-half October contracts narrowed by 50 cents/tonne to $7.50/tonne (€6.08/tonne) in backwardation on Tuesday’s close, ICIS data showed,
The arbitrage material hails from northwest Europe and the
However, some traders argued that demand for paraffinic naphtha is still firm, hence the supply-led fall in prices would be limited.
($1 = €0.81)
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