In our latest naphtha market commentary:
> The collapse of crude oil prices is boosting naphtha cracks
> MED cargoes to the East add support to the European market, but E/W strength pushes to keep the arb open
> Blending economics improve in NWE on the back of weakening aromatics pricing
> Panama delays to keep Asian propane expensive this winter, and potentially supporting the naphtha arb to the East
