As naphtha refineries expanded quicker than a stagnant petrochemicals industry, naphtha exports from India rose about 60% in the financial year 2006/07 to 8.3 mln tons. As compared to last year, exports from India have risen 20%, upto January this fiscal, weighing heavily on Asia's spot market for naphtha.
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Monday, March 03, 2008
Will new duty structure on naphtha imports reduce exports from India?
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