Asian Naphtha Rises About $12 to $1,072.50 per Ton
The first-half December cargo price rose about $12 to $1,072.50 per metric ton, with backwardation at $42 a ton. Prices were near five-month highs as traders prepared for a longer Gulf supply disruption, analysts said.
Asia's naphtha market extended rally on Monday, with prices lingering near five-month highs as traders prepared for a longer supply disruption from the Gulf, analysts said.The price for first-half December cargo rose by about $12 to $1,072.50 per metric ton in a steep backwardation of $42 a ton.Mar…