- China's local economy may recover amid firmer sentiment- Asian butadiene–naphtha
spread reaches new 8-month low





China's key supplierb> /b>Sinopec
also maintained its daily list price at Yuan 6,700-6,780/mt Nov. 14, or $819-835/mt
if calculating import parity. China's main
supplier Sinopec maintained its daily price at Yuan 6,700-6,759/mt Nov.
14. Market sources also indicated that the CFR China/Northeast Asia
benchmarks could continue to fall as spot supplies are available for
December delivery. Market participants are also watching for Asia
origin cargoes to the US. On paper , an arbitrage window
between Asia and the US was still open. However, it is not clear if US end
users will continue to seek Asia-derived materials. Some sources
claim that it is more economically for them to purchase European origin
cargoes. The price spread between naphtha and butadiene
was calculated at plus $13-16/mt Nov. 14,...