Naphtha east-west spread
This swap-spread reflects the value of naphtha CIF Japan swaps minus the value of naphtha CIF NWE swaps at the Singapore cash market close, normally 1630 Singapore time. It is a key indicator of arbitrage opportunities, typically from Europe to Asia and is used by exporters of naphtha in the Middle East and Europe. Swaps are financially-settled against S&P Global Platts' average monthly assessment published on the calendar month in question. The swaps assessments roll monthly on the 1st of each month.
Currency and unit of measure: $/mt
Incoterm: SPR
Quantity: 5,000 mt
Time of assessment: 16:30:00 Asia/Singapore
Publishing frequency: Daily
Spec: Min 65% parrafin.
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