Naphtha prices fell
in Asia and Europe in the week of 18 August
on weakening upstream crude prices. Naphtha
was priced at about US$620 a ton CFR Japan.
Given the prevailing bearish sentiment in
the market prices are expected to decline
further. As of 18 August, Asian open specs
for naphtha were quoted US$25 a ton lower,
than the previous week's close. Bids for
the first half of October were at US$623
a ton CFR Japan, the asking rate being US$625
a ton.
NAPHTHA
