Asian Olefins Prices Mixed on Cracker Outage

Naphtha in Asia fell from USD 692.0-694.0 to USD 670.0-672.0 CFR Far East on the heels of an outage at Formosa in July Naphtha purchases from the region are at a peak but at the same time there are volumes available from the Mideast, especially Qatar & Abu Dhabi. India is also facing issues at the Mumbai port as movement had been stopped following a collision between two cargo ships. BPCL rescheduled a trade to sell 30,000 tons of low aromatic naphtha from Mumbai. The port is expected to open this week but only the urgent shipments of essential fuel oil will...

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