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Asia Chemicals Prices Mostly Down
4:46 PM MDT | October 6, 2010 | Lindsey Bewley
Naphtha rose from USD 687.0-689.0 to USD 730.0-732 on news that Reliance has been facing problems at its refinery at Jamnagar and they might have to shut down. Ethylene moved from USD 1120-1130 to USD 1130-1140 on tight supply and ongoing technical issues at Saudi Aramci. This has led to shortage of the supplies in the market. Also, there is shortage of ethylene feedstock at Taiwan, sources say. Propylene rose from USD 1110-1120 to USD 1130-1140 on rising oil and naphtha prices, as well as low demand. Benzene surged from USD 880-890 to USD 910-920 on rising price...
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