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Asia September deep-sea naphtha inflows jump 42% on month

OUTLOOK ’15: Asia’s naphtha seen weak on supply glut, tepid demand

By Felicia Loo

SINGAPORE (ICIS)--Asia’s naphtha is set to be weak at least in the first half of 2015 in light of a global oil glut and bearish demand, traders said.

Open-spec prices have dived to more than three-year low level as crude futures plunged to fresh lows.

Compounding the situation is increasing naphtha supply from the US, European and Middle Eastern refiners, the traders said.

“The demand and supply situation is totally imbalanced,” said one trader.

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