Heavy arbitrage supply pressures naphtha margin to fall to 4 session low

摘要

The Asian naphtha margin came under pressure and fell to a four-session low of US$115.9/ ton earlier this month due to heavy arbitrage supply and perhaps the prospect of declining demand in coming months is to stay. According to Reuters, Asia will receive about 1.5 mln tons of naphtha from Europe and the Mediterranean in March.