VOL. XXXIX
No. 39
24-June-1996
UAE
ADNOC Concludes Annual Naphtha Premium With Asian Term Buyers
Japanese and Korean contract buyers of ADNOC's full-range naphtha have concluded annual term negotiations with their supplier, with the two sides settling on an increase of some $1.80/ton over the mean of Mideast quotations for one year beginning in July. The increase puts the premium at $6.80/ton, up from $5.00 currently.
Naphtha prices have been on a firming trend in Asia recently...
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