NewsFlashAsia naphtha tops $970/tonne - near nine-month levels

22 November 2013 03:05  [Source: ICIS news]

SINGAPORE (ICIS)--Asia’s open-spec naphtha prices have risen to near nine-month high levels on Friday, topping $970/tonne in response to robust overnight gains in crude futures.

The first-half January open-spec naphtha contract rose by $13.50-14.50/tonne from 21 November to $973.75-976.75/tonne CFR (cost & freight) Japan, ICIS data showed.

The prices were at their strongest levels since 28 February 2013 when naphtha prices closed at $997.00-999.00/tonne CFR Japan, the data indicated.

By: Felicia Loo

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