Chemical Prices Fall in Asia

Naphtha moved down to USD 928.0- 930.0 from USD 955.0-957.0 on lower crude oil prices. Ethylene fell to USD 1040-1050 from USD 1050-1060 on ample availability in the region. There are clear signs of ethylene oversupply for next few weeks. Though in the long run, it is predicted that operating rates would go up in the coming months to combat the demand situation. Propylene moved down to USD 1430-1440 from USD 1510-1520. Regional buying is down as the end user segment is down. The product supply is ample in the region. There is high inventory build up and this is...

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