Prices Firm in Asia

Naphtha price levels rose to USD 985.0-987.0 from USD 956.0- 967.0 mainly due to crude pricing related to unrest in Libya and other parts of Middle East. The market has been severely affected by the unrest and hence large volumes of naphtha were booked for US gasoline blenders. Further, there was an increase in the spot prices due to tightening of the market. Apart from this some of the crackers initiated the shutdown. It is expected that price levels will stay firm for few weeks until the unrest settles. Ethylene maintained at USD. The trend started moving in...

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