Asia's Naphtha Margins Rise 38% This Week as Crack Spreads Fall to $132.65/mt

Asia's naphtha refining margins rose 38% this week, driven by signs of stronger demand despite ample spot market supply. On Friday, the product's crack spread against Brent crude fell approximately $6 to $132.65 per metric ton, with August cargoes trading at $668.75/mt. Asian ultra-low sulfur fuel oil (ULSFFO) price gains narrowed as market sources expected fresh supply arrivals.
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