Asian Naphtha Rises $10 to $1,085.50 per Metric Ton
First-half December naphtha rose $10 to $1,085.50 per metric ton in steep backwardation. Tight supplies and lower regional inventories supported prices, while shipping attacks sustained fears of longer Gulf export disruptions.
Asia's naphtha prices rebounded in steep backwardation on Thursday amid tight supplies and lower regional inventories while continued shipping attacks underpinned fears of longer export disruption from the Gulf.The price for first-half December naphtha rose by $10 to $1,085.50 per metric ton. The b…