Naphtha margin at near 5-month high, backwardation widens further

Capt. John

Asia’s naphtha climbed to the highest level since Oct. 4 on Wednesday boosted by lower supplies from Russia and power outage at South Korean petrochemical plants. The crack jumped to $120.10 metric tonne over Brent crude and the backwardation widened for a second straight day by $2.50 to $12 per...

https://www.hellenicshippingnews.com/naphtha-margin-at-near-5-month-high-backwardation-widens-further/

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