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Home / Knowledge / News / Textiles / Asian Naphtha continues to fall

Asian Naphtha continues to fall

16
Oct '08

Falling crude is putting its effects on the Naphtha market as well. On October 15, Naphtha dipped below the US $500 per mt mark. Asian open spec naphtha bid prices on Wednesday for the first half of December stood at $500.50 per mt CFR Far East levels while the offer price was at $502.50 per mt CFR Far East mark.

Contract prices for the second half of December stood at $516.50 per mt CFR Far East levels while offer price was at $518.50 per mt CFR Far East mark. Prices for the first half of January were assessed at $531.50 per mt CFR Far East levels while the asking rate was stood at $533.50 per mt CFR Far East levels.

Today, contracts for the first half of December was inked at $466.50 per mt levels showing a drop by about $45 per ton. While deals for the second half of December moved downward at $482.50 per mt levels, a fall by about $35 per mt. Deals for the first half of January were pegged at $497.50 per mt levels, demonstrating plunge by $35 per mt.

Fibre2fashion News Desk - India

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