Asian naphtha prices recover on crude's rebound

摘要

Singapore-Prices of open-spec naphtha cargoes on a CFR Japan basis rebounded May 9,tracking the rebound in Western crude benchmarks.Naphtha cargoes for delivery in the second half of June rose 3.25/mt to 699.50/mt CFR Japan while prices of delivery lots for the first and second half of July climbed 3/mt and 2.75/mt,respectively,to 696/mt CFR and 692.50/mt CFR.