Naphtha Prices Fall $40 to $1,039.50 per Metric Ton
Asia's second-half December naphtha cargo price declined by $40 to $1,039.50 per metric ton. Crude benchmark weakness weighed on prices, while Gulf supply concerns cushioned the fall.
Asia's naphtha prices extended losses on Tuesday in tandem with weakness in crude oil benchmarks, but lingering supply concerns from the Gulf cushioned the fall, traders and analysts said.The price for second-half December cargo declined by $40 to $1,039.50 per metric ton. The market remained steep…