In our latest naphtha market commentary:
> Gas/Nap loses $10/mt while blending margin closes in Europe on higher aromatic prices
> Physical premiums rise in Asia, but the arbitrage remains closed from the West
> The US market remains strong, but physical premiums decrease again, especially for heavy naphtha
> E/W cools down and the March-April E/W box flattens, closing arbitrage economics to Asia
