Tuesday, July 05, 2011

Demand from petrochem sector for naphtha weakens

Demand from the petrochemicals sector for European naphtha weakened at the end of last week, as end-users are well covered until August amid a falloff in buying further downstream, as per Platts. In tthe downstream markets, polyethylene demand was subdued as converters remained "hand to mouth" on inventory, anticipating a further fall in prices.

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