NAPHTHA

Naphtha prices rose in line with optimistic crude market, in the week of March 10, 2008, even though end user demand continued on a weaker note. End user demand has seen a dip in the past few days as, affected by lean cracking margins, several of them have cut back on purchases as well as plant shutdowns. Formosa's 900000 tpa No.2 cracking plant will be closed for a little more than a week this month. Chinese Petroleum Corporation (CPC) is also considering scaling down operations at three of its cracking plants.

Related Posts by Categories

Read daily plastics industry news at Plastemart.com