Europe to Asia Naphtha Halts on Weaker Demand: Energy Markets

Asian petrochemical companies may import little or no naphtha from Europe for a second month in August amid ample supplies and weak demand in Japan.

There may be no shipments of the oil product, used to make petrochemicals and gasoline, in August according to the median estimate in a Bloomberg survey of four Europe-based traders, who declined to be identified as they aren’t authorized to speak about transactions. The dearth of cargoes compares with 300,000 metric tons in June and 500,000 tons in May.