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BUZZ-Trafigura snaps up bulk of Singapore cash naphtha cargoes
April 25, 2017 / 9:56 AM / 8 months ago

BUZZ-Trafigura snaps up bulk of Singapore cash naphtha cargoes

** European Trafigura buys more naphtha from the Singapore cash market on Tuesday, bringing its total purchases this month to an unusually high volume of over 870,000 tonnes

** Its total purchases make up over 90 percent of the total volumes transacted since April 3

** Due to Trafigura’s buying spree, which started around April 7, Singapore’s April naphtha cash volumes so far have surpassed the total quantities transacted for January to March.

** The reasons behind its purchases are unclear

** Trafigura declined to comment when contacted (Reuters Messaging: lipeng.seng.thomsonreuters.com@reuters.net)

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