Asian Feedstocks Mixed

Naphtha prices fell from USD 773.0-775.0 to USD 745.0-747.0 as large volumes of naphtha from western countries have started to arrive and will reach Asia by the end of May. It is expected that around 250,000-300,000 m.t. of naphtha is expected to arrive in Asia every month. Ethylene prices maintained at USD 1320-1330 due to new ethylene capacities coming online in the region. In April, some of the new crackers that came onstream include Sinopec Zhenhai with 1 million m.t./year of ethylene cracker in China, and CNOOC Shell. In the month of May, Shell in Singapore...

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