Europe naphtha-gasoline price spread down 93% week on week

31 October 2013 18:20  [Source: ICIS news]

LONDON (ICIS)--The price spread between naphtha and gasoline has fallen by 93% week on week, ICIS data revealed on Thursday.

The price spread has been narrowing since the middle of last week. The narrower the price spread, the weaker is the naphtha demand for gasoline production.

 FOB BARGES ARA (USD/MT) MON  TUE  WED   THU  FRI
 THIS WEEK 21 16 10 2 N/A
 LAST WEEK 50 45 30 27 27

Gasoline versus naphtha average price differential

Naphtha is used as a blending component in gasoline stocks, especially those exported to the key US market.

($1 = €0.73)

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By: Cuckoo James
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