Naphtha east-west spread

Wed, 10 Aug
xxx.xx
Change
-0.75
Quantum code
NACJEW-BAL

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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