Chemical Prices in Asia Sharply Rise

Naphtha moved southward from USD 883.0-885.0 to USD 868.0-878.0 due to ample availability of the product from the Middle East. This was further supported by the availability of product from India. Major exports were from Reliance for loading in coming months. The price levels are expected to move up in the coming months as the supply-demand stabilizes as per the end requirement.   Ethylene rose from USD 1220-1230 to USD 1230-1240. Traders expect the market will pick up after the Chinese holidays. Propylene rose from USD 1300-1310 to USD 1310-1320...

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