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Naphtha E/W Continues to Surge

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This trade was suggested as part of our Onyx Alpha report on Dec 12. The reasoning for this trade stemmed from sell-side hedging flows being taken out, which was particularly important for when the price approached $14/mt-handles as this is where heavy sell side flows have previously been seen. 

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Our team of skilled analysts, by utilising the depth and breadth of Onyx's proprietary data, position ourselves at the cutting edge of market analysis. This unique vantage point grants us an unparalleled perspective in the market, enabling us to identify emerging trends and lucrative opportunities.