- Ethylene Naphtha Spread flips Positive
after 4 Months- The positive spread may not last.



The Asia naphtha market saw
some upside on September 1st as the key spread of ethylene-naphtha shifted into
positive territory. However, market sources were skeptical that this would be
sustainable since the spread change was due to planned maintenance. Sources said that there
were a few steam crackers from north Asia going into maintenance, which would
decrease the immediate demand. C+F Japan
naphtha and CFR Northeast Asia ethylene spreads were closely monitored by
olefins manufacturers. The spread was at $311.50/mt on Aug. 31, a rise of $92/mt. Korea Petrochemical Industrial Corp. will close its steam
cracker during a planned maintenance period of approximately seven weeks,
according to a company source. 31. Onsan's naphtha-fed steam cracked can produce 800,000.
mt/year ethylene, 510,000...