In our latest naphtha market commentary:
> Cape of Good Hope route to add around $0.7 million to the Red Sea alternative for an LR2 from the Med
> High volatility in West freight rates reflects tighter market situation, especially impacting on TC2
> USGC physical premiums remain strong amid the rise of RBOB, limiting Gulf exports to the Asian market
> Higher demand for blending qualities will remain in the short term, E10 blending margin keep open in the prompt and SIN 92 strength will impact on Asian naphtha arb
