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.
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“To carry the recovery forward, you have to have a solid base of consumer spending.”
VIDEO: ICIS Special Report - C3 value chain, early autumn