04 October 2012 05:54 [Source: ICIS news]
SINGAPORE (ICIS)--Asia’s spot premiums for heavy naphtha are expected to be stable, underpinned by tight supply and a firm aromatics market, traders said on Thursday.
The premium has been hovering at $60.00/tonne (€46.80/tonne) to ?xml:namespace>
“There is limited supply of heavy naphtha,” said a trader, adding that the deep-sea flows from northwest Europe, the Mediterranean and
Usually, the Western markets ship out heavy naphtha supplies to
Asia is unlikely to receive further deep-sea flows from northwest Europe and the Mediterranean, after 250,000-300,000 tonnes of European naphtha was booked to arrive in Asia between end-October and first-half November.
Strong gasoline demand in West Africa has prompted European refiners to divert some naphtha supplies to the gasoline blending pool for exports to
Meanwhile, the toluene market in northeast (NE)
The supply of prompt toluene cargoes from NE
Heavy naphtha is used in a reformer which is then converted to be reformates, used for making higher-octane gasoline. Heavy naphtha is also used to make aromatics products.
Additional reporting by Jasmine Khoo
($1 = €0.78)
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