- Trading activity in naphtha
at MOC high- Growing expectations of
driving season



Market on Close assessed March 23 saw intense trading
activity for European Naphtha amid mixed signals from demand. So, March is quiet.
April has some things happening such as the gasoline specification change. " Refinery news: France was looking at releasing
strategic stock amid disruptions in the refining process due to strikes. Around 15% of the country's service stations were having
problems with oil products, but in some areas of the country the shortages were
more severe than 30%. Total Energies'
Feyzin refining plant in the south was operating at reduced rates while
Petroineos' Lavera refinery was negotiating to halt units. The April/May CIF Naphtha Swap Spread rose $2/mt to become
assessed at $12.50/mt. May/June fell $2.50/mt and was assessed at minus
$4.25/mt. Meanwhile, the...