In our latest naphtha market commentary:
> Q1 spreads hit the lowest values since November for Q1-24
> E/W loses $6/mt during the past week, marking an accumulated drop of nearly $10/mt since December highs
> TC15 strength persists amid heightened tensions in the Red Sea, continuously impacting the arbitrage to Asia through the Suez
> Gas-Nap set the bullish tone trading close to historical seasonal highs for February
