Asia's tentative May deep-sea naphtha inflows at 230,000 tonnes

20 March 2014 03:21 Source:ICIS News

SINGAPORE (ICIS)--Some 230,000 tonnes of western deep-sea naphtha supply will be bound for Asia in May, traders said on Thursday.

Those were the confirmed quantities, they said.

There were some pending fixtures and should they firm up, the arbitrage volumes would add up to half a million tonnes, still comparatively weaker than close to a million tonnes of deep-sea supply that Asia will be receiving in April, traders said.

The volumes tumbled from the 1.6m-1.7m tonnes of arbitrage supply landing in Asia in March, traders said.

Net-short Asia usually imports naphtha from northwest Europe, the Mediterranean, Russia and the US.

By Felicia Loo