Asia Naphtha Backwardation Widens to Steepest Since August
Naphtha prices traded above $1,000 per metric ton as Gulf exports remained constrained and inventories at key trading hubs declined, traders said.
Asia's naphtha market structure widened to its steepest backwardation since August, while prices traded firm above $1,000 per metric ton as Gulf exports remained constrained and inventories at key trading hubs declined, traders said.The backwardation between first-half December and first-half Janua…