VIDEO: Naphtha market to remain tight for foreseeable future
Ajay Parmar
06-Apr-2022
LONDON (ICIS)–Senior analyst Ajay Parmar assesses whether the Russia-Ukraine crisis will heavily impact near-term naphtha flows.
- Reduced flows of Russian naphtha into Europe expected in the near term
- Lower liquefied petroleum gas (LPG) prices encourage crackers to use LPG over naphtha as their feedstock
- Asian cracking margins are extremely low, dampening naphtha demand
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