The higher price of LPG vs naphtha has prompted Taiwan's CPC Corp. to sell the refrigerated LPG that it imports on term contract from Saudi Aramco in the domestic retail market, as per Platts. Petrocchemical makers typically switch from naphtha to LPG as cracker feedstock when LPG prices fall to around 90% or lower compared to the price of naphtha, or when LPG becomes at least US$50/MT cheaper than naphtha.
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Thursday, June 10, 2010
Taiwan CPC relies on naphtha for cracking
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