VIDEO: US naphtha to face sustained downward pressure amid muted demand
HOUSTON (ICIS)–Watch Markets Reporter, Michael Sims, discuss how low oil prices and weak demand during the coronavirus pandemic are weighing on US naphtha markets.
- Low crude, weak gasoline demand weigh on US prices
- US producers look to Asia and Europe to pick up slack
- Weak demand in Asia, competition from Europe to limit relief from exports
For more analysis, listen to this podcast interview where Europea Markets Editor Shruti Salwan, Asia Senior Editor Melanie Wee and Michael dive into more depth on the challenges facing the global naphtha market.
Visit the ICIS coronavirus topic page for analysis of the impact on chemical markets and links to latest news.
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