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Asia's naphtha crack fell by about $21 to $115.85 per metric ton over Brent, while Gulf exports stayed constrained. Iraq's SOMO offered about 8,000 tons on an ex-works basis for transport by trucks through land border crossings.
Asia's naphtha refining margin declined on Monday amid strong crude oil prices and rising supplies from Russia, although exports from the Gulf remained constrained.The crack fell by about $21 to $115.85 per metric ton over Brent crude. The market remained steeply backwardated at $28.75 a ton.Iraq's…