Asia Chemical Prices Weaken

Naphtha price levels drifted this week to USD 890.0-892.0 as compared to USD 910.50-912.50 on Korea basis last week. The market have been dull in the region since the derivative end product market is quite sluggish. The buying for the end products has been quite low. The traders do mention that this as due to economic turmoil western countries  are facing. Due to this, the Asia markets are also affected hence the buying sentiments are low. However, due to expected increasing of crude pricing, it is expected that the prices for Naphtha would also move up...

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