Asian naphtha prices pause rally; Qatar offers FOB cargo
First-half December cargo prices eased $15 to $1,075.50 per metric ton on Wednesday, while the market remained in steep backwardation amid Gulf supply fears.
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Asia Naphtha/Gasoline-Naphtha prices pause rally; Qatar offers FOB cargo NEW DELHI, Oct 28 (Reuters)
Asia's naphtha prices paused rally on Wednesday but remained firm in steep backwardation amid persistent supply fears due to geopolitical tensions in the Gulf, analysts and traders said.First-half December cargo price eased by $15 to $1,075.50 per metric ton. The price structure remained wide at $4…