Monday, February 11, 2013

Recent rally in naphtha prompts European olefin-polyolefin producers to shift focus to margin retention

A recent rally in the naphtha market has prompted European olefin-polyolefin producers to shift their focus to margin retention, setting a mood of caution across the sector, as per sources in Platts. The naphtha market is very tight in the Mediterranean and Northwest Europe at the moment on the back of soaring gasoline prices and an open arbitrage window to Asia, where refinery maintenance is taking place into the spring.




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