Asia naphtha futures steady as Oct spreads show added premium
Asia’s naphtha prices were little changed as traders tracked supply disruption risk after renewed U.S. and Iranian attacks. Second-half October cargo rose about $3 to $869/ton, supporting backwardation versus later delivery.
Asia's naphtha prices were little changed on Wednesday as traders watched for cues on supply disruption after renewed U.S. and Iranian attacks.The price for second-half October cargo rose by about $3 to $869 per ton.
The backwardation between second-half October and second-half November cargo price…