Wednesday, March 23, 2011

Effects of Japan's production losses begin to creep into Asia's petrochemical markets

A week after the massive earthquake and tsunami caused widespread devastation in Japan, Asian petrochemicals are feeling the effects of Japanese production losses, as per ICIS.
Regional supply of paaraxylene (PX) was notably tighter, with three Japanese facilities owned by JX Nippon Oil & Energy shut since 11 March.

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