Buying sentiments are expected to turn bearish as the market absorbs news of the pipeline fire at Formosa Petrochemical's Mailiao refinery late Tuesday, as per Platts.
Demand from Formosa, one of thhe biggest naphtha buyers in the region, is expected to remain capped or soften further in the wake of the fire- a further blow to an unsteady naphtha market.
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Friday, July 29, 2011
Fire at Formosa expected to have bearish impact on naphtha in Asia
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