Asia to receive 1m tonnes deep-sea naphtha supply in November

10 October 2013 03:42  [Source: ICIS news]

SINGAPORE (ICIS)--Asia is expected to receive a million tonnes of deep-sea naphtha supply from the western markets in November, traders said on Thursday.

Already 800,000 tonnes of the arbitrage supply has been fixed, they said.

The cargoes hail from northwest Europe, the Mediterranean, Russia and the US.

The November inflows will be broadly similar to October levels of between 800,000 tonnes and a million tonnes, traders said.

The continuous strong arbitrage imports into Asia persisted despite active refinery maintenance in Europe, and that cast downward pressure on the regional market, they said.

By: Felicia Loo

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