- Asian naphtha industry participants sidelines- Front month Japan naphtha swap time spread stable- Kuwait Petroleum offers 78,000 mt naphtha





Spot activity in the Asian naphtha markets
picked up March 6. Kuwait Petroleum Corp. offered 78,000 mt of naphtha for
March 19-30 load at a differential to the Mean of Arab Gulf naphtha
assessments. According
to tender documents, the tender closes on March 7. The front-month April-May Means of Japan naphtha swap
spread was set at $11-16/mt by brokers. Stable from March
3rd, "I have not heard about any new policies being implemented from
the [NPC] meeting. A Unv1-based end
user stated that while naphtha demand will most likely remain low in the short
term, minor improvements could still be observed at best." Even though ethylene has been on the rise in recent
years, it is still marginal when compared to...