Asia's naphtha backwardation is likely to strengthen on expectations of demand rise with the possible overdue restart of Formosa Petrochemical Corp (FPCC)'s 700,000 tpa No 1 naphtha cracker at Mailiaoo sometime in September, as per ICIS.
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Tuesday, August 30, 2011
Naphtha backwardation in Asia expected to strengthen on likely restart of Formosa's No 1 cracker
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