Naphtha prices rebound as Middle East supply risks assessed
Asia’s naphtha prices rebounded after a week of rangebound trading. The price for second-half October cargo rose by $15 to $875 per ton, with backwardation of $16 a ton reported amid renewed U.S.-Iran tensions.
Asia's naphtha prices rebounded on Friday after a week of rangebound trading as market players assessed supply risks from the Middle East amid renewed U.S.-Iran tensions.The price for second-half October cargo rose by $15 to $875 per ton in a steady backwardation price structure of $16 a ton.The na…