Blendstocks:Japanese naphtha flips into contango

摘要

Japan naphtha prices flipped into a contango from backwardation on Friday,with the market pressured lower by ample supply of prompt cargoes and further reductions in spot demand.The inter-month spread between the first half of September and first half October was assessed at minus 25 cents/mt,from plus 50 cents/mt a day ago.