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Naphtha Highlights from 15-30, Jun 2009

During the last fortnight price of Naphtha increased with a support of downstream demand. Price hike of Naphtha was mainly attributed by strengthening of demand and firm pricing fundamentals. At the mid of the last fortnight price of Naphtha market was a bit disturbed as Centre for Global Energy Studies made argument with OPEC to increase oil production but market recovered very soon due to geopolitical tension. At the end of the last fortnight price of Naphtha took a big leap.

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