Indian refiners to cut January naphtha exports to 800,000 tonnes

20 December 2012 02:16  [Source: ICIS news]

SINGAPORE (ICIS)--India is expected to export 800,000 tonnes of naphtha in January, down by around 11% from the exports made in December because of refinery maintenance, traders said on Thursday.

Indian refiners exported an estimated 900,000 tonnes of naphtha in December, they added.

The lower volume of Indian exports helped support Asian naphtha crack spreads, ICIS data showed.

The crack spread closed at $135.75/tonne (€101.80/tonne) against Brent crude futures on 19 December, up from $111.06/tonne on 18 December, the data indicated.

($1 = €0.75)

By: Felicia Loo

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