On Thursday, 25 October, Naphtha prices in Asia market ended higher, boosted by market rally of crude oil futures.
High price and abundant supply resulted in bearish market sentiment.
Japan's benchmark naphtha price of market open specifications for the first half of December closed up US $21, to US $782-783 per ton.
Naphtha price gap between first half and second half in December widened to US $1 per ton.
In spot market, Mitsui bought one naphtha cargo from Daelim Company at the price of US $784 per ton for shipment in first half of January.
Asian naphtha market closed new high on Friday, 26 October
Asian naphtha market closed a new high on Friday, lifted by market rally of crude oil futures. Being impacted by high price, naphtha market stayed quiet.
On the day, Japan's benchmark naphtha price of market open specifications for first half of December rose to US $13, to US $795-796 per ton.
But ample inventories triggered weak market sentiment, naphtha price gap between first half and second half of December widened to US $1.50 per ton.
In spot market, Itochu International, Inc. sold one naphtha cargo to Vitasweet Co., Ltd at the price of US $797 per ton, for shipment in the second half of December.
Complete quotations here.
Fibre2fashion, News Desk - China
marketing@alchempro.com
