FACTBOX-Trading houses, banks expand into Asia naphtha market

July 26 (BestGrowthStock) – Asia is seeing vibrant growth in spot
naphtha trades, prospects of which have lured more trading
houses to set up or expand operations over the past two years.

However, with more players in the market, some trading
firms are also forced to bow out or scale down their business.

For related analysis, click [ID:nSGE6490LQ] Developments
since 2005 Year Company What they did 2010
Noble Starts Asian naphtha ops in Singapore

ConocoPhillips Starts Asian naphtha ops in
Singapore

BB Energy Starts Asian naphtha ops in
Singapore

Arcadia Starts Asian naphtha ops in
Singapore 2009 Mercuria Starts Asian naphtha ops
in Singapore

*Gunvor Recruits full-fledged naphtha
trader

Mabanaft Starts Asian naphtha ops in
Singapore Late 2007/ Early 2008 StatOil Starts Asian
naphtha ops in Singapore 2009 Sojitz Scales down
naphtha ops 2008 Projector Shuts naphtha ops
globally 2007 Mitsui Oil Asia Shuts naphtha ops in
Singapore 2005 Sumitomo Corp Shuts naphtha trades * At
least two more companies in Singapore which are trading crude
have indicated interest in trading naphtha, although no
timeline was given. * Gunvor used to have a trader that took
care of both distillates and naphtha, but in 2008, it hired
ex-Hanwha trader to become its full-fledged naphtha trader.

Stock Market Money

(Reporting by Seng Li Peng; Editing by Ramthan Hussain)

FACTBOX-Trading houses, banks expand into Asia naphtha market