VIDEO: Naphtha market to remain weak through summer
LONDON (ICIS)– Senior analyst Ajay Parmar explains how increased refinery runs during a period of poor demand has weakened the naphtha market.
- Petrochemical margins remain weak, especially in Asia
- Naphtha gasoline blending demand expected to remain poor over summer
- Strong refinery margins lead to increased runs, add excess naphtha supply to market