Monday, November 05, 2007

Rising naphtha prices likely to affect margins at HPL

Affected by a US$30-40 hike, naphtha prices are currently hovering at US$795 a ton. India's Haldia Petrochemicals imports 70% of its naphtha requirement. Naphtha prices are linked to international prices, and the pricing formula is such that there is no difference between overseas and domestic prices.

For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=11161&P=P

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