Europe early Feb naphtha exports to Asia stay low at 80,000 tonnes

24 January 2014 12:52  [Source: ICIS news]

LONDON (ICIS)--Europe is set to export a minimum of 80,000 tonnes of naphtha to Asia in early February, shipping sources said on Friday.

One shipping fixture published this week revealed the volumes to be transported from the Mediterranean to Japan on vessels due to load in early February.

Europe naphtha tonnes to Asia

from northwest Europe

from Mediterranean

from Russia

Week Ended 24 January 2014                             

  --

80,000

  --

Week Ended 17 January 2014                  

  --

 --

60,000

The volumes are slightly up from last week, when 60,000 tonnes of naphtha were booked from Europe to the east, but are considered low compared to the regular trade volumes.

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 24 January 2014

  --

 Week Ended 17 January 2014

 120,000

Meanwhile, there were no naphtha volumes being booked from Russia to the UK continental shelf and the Mediterranean this week, shipping sources said.


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



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly