Mediterranean to move 160,000 naphtha tonnes to Asia in early Oct

04 October 2013 13:59  [Source: ICIS news]

LONDON (ICIS)--The Mediterranean region will export at least 160,000 tonnes of naphtha volumes to Asia in early October, shipping sources said on Friday.

Two naphtha shipping fixtures published this week reveal the volumes will be transported from the Mediterranean to Asia on vessels due to load in early October.

Naphtha sources maintain the arbitrage window to Asia is closed and only regular volumes are being exported out of Europe.

Europe is structurally long on naphtha, and sellers need to export to the US gasoline and Asian petrochemical sectors to keep stocks in balance.

($1 = €0.73)

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By: Cuckoo James
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