Asia to receive 1.3m-1.5m tonnes arbitrage naphtha in Dec

07 November 2013 08:00  [Source: ICIS news]

SINGAPORE (ICIS)--Asia is slated to receive 1.3m-1.5m tonnes of deep-sea naphtha flows from the western markets in December, traders said on Thursday.

The volumes were higher from the November levels of 1m tonnes, they said.

The arbitrage inflows will hail from northwest Europe, the Mediterranean, Russia and the US, traders said.

A widening east-west spread has enabled the arbitrage economics to work, they said.

The east-west spread stood at $13.50/tonne (€9.99/tonne) earlier in the week, according to traders.

($1 = €0.74)

By: Felicia Loo

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