Monday, August 20, 2012

Naphtha demand in NW Europe slows as petrochem, gasoline blenders wait in the sidelines

The Northwest Europe naphtha market is experiencing slow demand as petrochemicals and gasoline blenders remain on the sidelines, leaving buyers and sellers in a deadlock, as per Platts. Although petroochemicals have reportedly been buying "a bit of volume" due to rising propane prices, they are not expected to buy significant quantities of naphtha until September.

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