Wednesday, July 30, 2008

As naphtha prices plunge Asian ethylene makers mull output increase

Naphtha prices have plunged by over hundred dollars in a couple of weeks. From record highs of US$$1245/ton on July 4, naphtha is now trading below US$1100/ton CFR Japan. With this fall in naphtha priices, the Asian ethylene producers, who have been running their plants at reduced rates are mulling an output hike shortly.

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