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Chemical Prices In Asia Soar on High Demand
1:19 PM MST | December 15, 2010 | Lindsey Bewley
Naphtha price levels rose from USD 830.0-832.0 to USD 845.0-847.0 on strong demand in region. However, demand is expected to decline heading into 2011, as market participants celebrate the New Year holidays in January and Chinese New Year in February. Overall a healthy scenario for naphtha is expected, however, because demand is steady amid volumes moving towards the heating oil industry in winter. Ethylene price levels moved up from USD 1070-1080 to USD 1140-1150 due supply constraints and Formosa restarting at a reduced capacity. The company is expected...
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