12 July 2013 17:32 [Source: ICIS news]
LONDON (ICIS)--The northwest European naphtha cargo price range edged up from earlier in the day to rise above the $900/tonne mark for the first time in months, industry sources said on Friday.
There were three trades in the open market platform on Friday evening that propelled prices up above the threshold.
Naphtha cargoes traded at $903-906/tonne CIF (cost, insurance & freight) NWE (northwest Europe).
August swaps were assessed at $892-893/tonne.
The main application of naphtha is in the petrochemical production of olefins. Naphtha is also used for gasoline blending purposes.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections