Chemical Prices in Asia Mostly Higher

Naphtha moved up from USD 868.0-870.0 to USD 875.0-877.0 due to rising crude oil prices and restricted supply from Middle East. It is expected that the prices may go southward in the coming weeks because increased volumes, close to 550,000-600,000 m.t., is expected to reach Asia by March.   Ethylene prices rose from USD 1230-1240 to USD 1240-1250. The markets are sluggish this week due to the Chinese New Year celebrations and buying sentiments are low. Prices are expected to rise after the holidays, pushing price levels of derivatives products up as well...

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