NewsFlashAsia naphtha crack spreads jump on strong demand

12 July 2013 10:41  [Source: ICIS news]

SINGAPORE (ICIS)--Asia’s naphtha crack values and intermonth spreads have strengthened to more than a month’s peak on Friday, underpinned by robust gasoline blending demand and strong buying needs of regional cracker operators, traders said.

The prompt naphtha crack spread against August Brent crude futures widened by 6% from Thursday to $106.68/tonne on Friday. The crack spread was assessed at $100.75/tonne on Thursday, ICIS data showed.

By: Felicia Loo

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