Naphtha refining margin climbs to July highs
Asia’s naphtha refining crack rose by about $16 to around $210/metric ton versus Brent, the highest since July 31, as fresh Gulf vessel attacks revived supply concerns.
Asia's naphtha refining margin climbed to above a two-month high on Thursday after fresh attacks on vessels in the Gulf revived supply concerns, traders said. The crack rose by about $16 to around $210 per metric ton over Brent crude, its highest level since July 31.