Ample supply weighs on Asian naphtha at start of H1 Dec delivery cycle
October 17, 2023 Comments Off
The strength in Asian naphtha took a sharp dip at the start of the trading cycle for H1 December delivery into North Asia as end-users are in no rush to purchase due to ample supply, market sources said. “Oman’s Duqm refinery seems in full operation, [adding] three LR1-size cargo per month,” a Singapore-based naphtha trader said. Typically, an LR1 tanker…
Ample supply weighs on Asian naphtha at start of H1 Dec delivery cycle
The strength in Asian naphtha took a sharp dip at the start of the trading cycle for H1 December delivery into North Asia as end-users are in no rush to purchase due to ample supply, market sources said. “Oman’s Duqm refinery seems in full operation, [adding] three LR1-size cargo per month,” a Singapore-based naphtha trader said. Typically, an LR1 tanker…
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