28 April 2008 11:55 [Source: ICIS news]
The country imported 1.3m tonnes of naphtha in March, up from 1.24m tonnes in February, according to METI.
The increase was due to an expectation operating rates at the country’s ethylene plants would increase in April and May, said a spokesman from Chemnet Tokyo, a local chemical agency.
The price of naphtha in March stood at $872.4/tonne, a 0.7% increase from $866.3/tonne in February.
The price of naphtha was expected to continue to rise as the cost of crude oil reached record levels, added the Chemnet spokesman.
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