SINGAPORE: Asia's naphtha crack hit a six-session high of $78.63 a tonne on Monday following recent demand and fewer cargoes arriving from Europe and the Mediterranean.
NAPHTHA SPOT DEALS: Japan, China and South Korea started first-half June purchases last week and had already locked in over 100,000 tonnes.
GASOLINE CRACK: Asia's gasoline crack was at a three-session low of $11.45 a barrel, down from a nine-week high on Friday.
STOCK LEVELS: Gasoline exports from China rose 25 percent in March compared with the same month a year earlier to 840,000 tonnes, but were down 21 percent from February.
- India exported 850,000 tonnes of naphtha in March, official data showed, highest monthly exports since in September 2016.
- Traders said sellers could have rushed to sell off cargoes in March as that was the financial year for companies.
- April and May exports would be lower, they added.
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