In our latest naphtha market commentary:
> Global naphtha cracks and E/W spread on an upswing post-Beryl as volatility continues to roil markets
> Heat-related refinery issues continue to prop up Med, AG FOB premia, shutting down West to East arbs
> Chiba, Yeosu sales prices falter amid rising bearish sentiment from Asian petrochemical players amid manufacturing season lull from September
> Lower freight keeps improving the economics for Med-Rotterdam arbs, while tight NWE market keeps pushing for higher premiums
> Rotterdam-New York Harbour route has shut and will likely remain so as PADD 1 gasoline stocks continue to rise, US gasoline demand sputters
