NewsFlashAsia naphtha falls below $1,000/t on weak petchem demand

13 September 2012 10:36  [Source: ICIS news]

SINGAPORE (ICIS)--Asia’s open-spec naphtha prices fell to a two-week low at under $1,000/tonne/year on Thursday, undermined by concerns over weakening petrochemical demand, traders said.

The second-half October naphtha contract lost $18.50/tonne from Wednesday to $995.00-997.00/tonne CFR (cost and freight) Japan – the weakest levels since 31 August, ICIS data showed.

By: Felicia Loo

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