Monday, March 07, 2011

Petrochemical makers in Asia mull switching to LPG as naphtha gets dear

Naphtha prices have been soaring in Asia in line with a crude price rally, limited arbitrage volumes and short-covering activity in the Asian naphtha market. As per Platts, Asian petrochemical produceers are mulling a switch from naphtha to LPG as a cracking feedstock.

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