28 November 2013 08:41 [Source: ICIS news]
SINGAPORE (ICIS)--Asia is likely to receive around a million tonnes of deep-sea naphtha supply in January, down a third from levels expected for next month, traders said on Thursday.
For December, around 1.5m tonnes of arbitrage inflows will arrive in Asia, they said.
The reduced arbitrage volumes predominantly from northwest Europe and the Mediterranean, were on the back of higher naphtha demand usage in the West, traders said.
“The European crackers are using more naphtha,” said one trader, adding propane as an alternative feedstock was too costly during winter.
The remainder of the arbitrage inflows will hail from Russia and the US.
Meanwhile, the Asian naphtha demand remained firm owing to high cracker run rates in this region, traders said.
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