Asian Chemical Prices Mostly Down on Low Demand

Naphtha rose from USD 665.0-667.0 to USD 675.0- 677.0 CFR Far East on healthy demand. However, there is a shift towards using alternative feedstocks, especially LPGs. Europe is expected to switch some of the production volumes to LPG, possibly pushing some product into Asia if there is any oversupply. Naphtha demand in China is rising due to growth in end sectors especially the automotive and other molded sectors. Deals are being finalized to import from Europe in the next quarter. Ethylene fell from USD 970-980 to USD 940-950 FOB Korea. Though there is shortage...

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