SUBSCRIBER NOTE: Platts updates Europe naphtha netbacks for 2016

Effective January 4, 2016 the Worldscale flat rate used to calculate the netback formula for FOB Med naphtha cargoes becomes $11.01/mt.

An additional 86 cents will be added to the Med-NWE freight rate as calculated port fees in Rotterdam. The Worldscale flat rate used to calculate the net-forward formula for CIF Med naphtha becomes $7.20/mt.

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