As naphtha prices touch record highs, petrochemical producers in South Korea are considering switching to butane as an alternative feedstock. The key open-spec naphtha contract for H2-December quoted at US$822.50/ton this week, while butane is being quoted at around US$755/ton. Asian petrochemical producers usually start to switch to butane when its prices reach 90-95% of naphtha values.
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Thursday, November 15, 2007
S Korean producers consider butane as alternative feedstock to naphtha
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