Naphtha prices fall in Asia; backwardation steady at $16/t
Asia naphtha prices fell Thursday with crude benchmarks amid muted trading. Second-half October cargo dropped by $9 to $860/mt, with a steady wide backwardation structure and $16/t backwardation.
Asia's naphtha prices declined on Thursday in tandem with crude oil benchmarks amid muted trading, but worries about supplies from the Middle East kept the downside limited.The price for second-half October cargo fell by $9 to $860 per metric ton in a steady and wide backwardation price structure o…