Asia naphtha prices edge up with crude oil; market sentiment choppy

摘要

SINGAPORE (ICIS)--Asia naphtha markets are buoyed by firmer global crude oil futures and pockets of demand, even as market sentiment leans towards a fragile undertone, with expectations of near-term demand stable at best. At early hours session on Wednesday, open-specification naphtha prices averaged at around $404.00/tonne CFR (cost and freight) Japan basis for first-half September delivery, rising by a modest $4.50/tonne from the previous session's close on 21 July.