In the early first half of last fortnight, Naphtha prices went down due to Asia’s naphtha intermonth spreads expected to weaken amid due to renewed concerns over weaker petrochemical demand and ease of availabilities. During the second half of last fortnight, Naphtha prices declined due to bountiful supply of deep-sea cargoes and softer petrochemical demand as well as gasoline blending demand requirements starting to taper off.