In our latest naphtha market commentary:
> Increased volatility in both Asian and European spreads. Europe maintains contango until the end of the year, while in Asia it is only sustained in the prompt month
> Increased volatility in both Asian and European spreads. Europe maintains contango until the end of the year, while in Asia it is only sustained in the prompt month
> European margins to Asia open as E/W spread resumes its upward trend after the correction at the end of last week
> Lower physical premiums in Asia, OSN turns negative in Japan following the trend set by Korea one week earlier
> Gas-Nap remains wide in Europe, trading close to historical highs. However, expensive high-octane components continue to hinder EBOB blending
