Expectations that demand from North Asian petrochemical plants is to shrink due to falling margins has weighed down Middle East naphtha prices this week. As reported by Reuters, the poor outlook has fforced Kuwait Petroleum Corp (KPC) to lower full-range naphtha term offers twice this week to US$22/ton premium.
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Friday, June 11, 2010
Bearish demand outlook forces KPC to lower naphtha term offers twice
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