Europe naphtha exports to Asia dwindle to 60,000 tonnes

17 January 2014 16:23  [Source: ICIS news]

LONDON (ICIS)--Europe is set to export a minimum of 60,000 tonnes of naphtha to Asia in late January, shipping sources said on Friday.

One shipping fixture published this week revealed the volumes will be transported from Russia to Japan on vessels due to load in late January.

Europe naphtha exports to Asia

from northwest Europe (in tonnes)

from Mediterranean (in tonnes)

from Russia (in tonnes)

Week Ended 17 January 2014                             

  --

  --

 60,000

Week Ended 10 January 2014                  

 60,000

 80,000

  --

The volumes are down from last week when 140,000 tonnes of naphtha were booked from Europe to the east.

The lower volumes are said to be the result of lack of trader confidence in the ability of a weak Asian market to absorb surplus European volumes.

Russian imports to Mediterranean/UKC 

Volumes (in tonnes)

 Week Ended 17 January 2014

 120,000

 Week Ended 10 January 2014

 30,000

Meanwhile, four shipping fixtures published this week revealed at least 120,000 tonnes of naphtha will be shifted from Russia to the UK continental shelf and the Mediterranean on vessels due to load in late January.


By: Cuckoo James
+44 (0) 208 652 3214



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