Asia’s Naphtha Spot Premiums Kept Buoyant

摘要

Asia’s naphtha spot premiums keep on rising under the influence of decreasing number of arbitrage cargo that flows into Asia from Europe and other regions. South Korean three companies such as Lotte Chemical, LG Chem and Yeochun NCC (YNCC) were awarded contracts in the first week of April for spot cargoes that will arrive in the first half of May at premiums of US$12-15/MT to Japan quote on C&F basis. The level was raised by US$2-US$4/MT from the previous week.