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Naphtha prices drop on July 3
Jul '08
Forward naphtha price saw a fall yesterday following the overnight drop in crude prices. At about 14.13 p.m. Singapore time on July 3, the forward naphtha market price indications for the 1st half of August were down at the US $1215.10 /mt levels.

For the 2nd half of August the forward naphtha market prices were at the $1208.10/mt levels. For the 1st half of September the forward naphtha market prices were at the $1202.60 /mt.

On the domestic front, on July 3, Jinchen petrochemical in Shandong offered Naphtha at 6,750 yuan / ton. At present some of the devices are not in operation.

Fibre2fashion News Desk - China

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