04 November 2011 05:42 [Source: ICIS news]
SINGAPORE (ICIS)--Asia is facing a surge in naphtha exports from ?xml:namespace>
Indian refiners are estimated to raise their naphtha exports in November to 900,000 tonnes from an initial projection for 850,000-900,000 tonnes, on the back of high domestic refinery runs, they added.
For October, Indian naphtha exports were at 800,000 tonnes, up from 700,000-750,000 tonnes in September because of active refinery maintenance at that time.
Meanwhile, the Middle East is exporting a firm 3.1m tonnes of naphtha – both term and spot shipments - to
“There is an oversupply of naphtha,” one trader said.
Ethylene margins, based on naphtha feed, in northeast
Korean naphtha cracker operators were generally running their ethylene plants at full steam in October.
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