Asian Chemical Connections
Spot benzene prices in Asia will likely be supported by tight supply stemming from heavy turnaround schedule at regional aromatics facilities from March to May, industry sources said.
Lower aromatics production is also being yielded from increased use of liquefied petroleum gas (LPG) - an alternative to expensive naphtha - as feedstock for petrochemical production, further squeezing supply in the region, they said.
INSIGHT: China interest rate cut does not signal stimulus-led growth
There is no need for more aggressive stimulative measures, and the prudent monetary policy will not change.”
VIDEO: ICIS special report - impact of lower crude oil prices