Presented by www.
fibre2fashion.
com
(Jun 15 - 30, 2013)
Crude Oil
In the first half of last fortnight, selling offers for
Crude oil increased due to a fall in crude and
distillate inventories in U.
S.
A and a decline in the
value of the US dollar.
At the...
More
Presented by www.
fibre2fashion.
com
(Jun 15 - 30, 2013)
Crude Oil
In the first half of last fortnight, selling offers for
Crude oil increased due to a fall in crude and
distillate inventories in U.
S.
A and a decline in the
value of the US dollar.
At the end of last fortnight,
the decline in prices was also a result of
speculation that the US Federal Reserve may
curb its stimulus policy.
In the second half of last
fortnight, Crude oil prices turned softer, despite of
fall in unemployment benefit claims in the U.
S.
A.
Naphtha
In the beginning of the first half, Naphtha price
increased mainly due to optimistic demand from
downstream.
In the second half, Naphtha prices
declined as buyers avoided buying due to ease of
availability.
In Asian markets, increase in supply
from Indian refineries added bearish tone in the
market sentiment.
European Naphtha market had
also faced dull sentiment where petrochemical
companies were reluctant in purchasing Naphtha
due fear of bearish future tr
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