13 September 2012 10:42 [Source: ICIS news]
The second-half October naphtha contract lost $18.50/tonne (€14.43/tonne) from Wednesday to $995-997/tonne CFR Japan, according to ICIS data, despite stable Brent crude futures, which is trading at above $116/bbl.
Naphtha had slid to the weakest levels since 31 August, ICIS data showed.
“Naphtha came off hard today,” said a trader.
In the physical trading, Glencore sold an open-spec naphtha cargo to Marubeni at $990/tonne for delivery in the first half of November, traders said.
($1 = €0.78)
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