- The Naphtha physical Crack rises 7%- Ethylene rises $180-200/mt in
the month





On February 28, Asian naphtha markets were
bullish due to expectations that petrochemicals demand will improve following
the announcements made at the annual National People's Congress meeting. The increase in ethylene prices is also expected
to boost [naphtha] consumption," an end-user stated. "We are
bullish about ethylene prices." There are
also quite some turnarounds happening April and May that will also boost
[ethylene] price," the source added. South Korea’s LG Chem plans
on raising operating rates at its No. The
operating rates at 1 Yeosu cracker, Daesan cracker and Daesan were raised to
90-95% in April. 1 Yeosub> /b>cracker and Daesan cracker
increased to 90%-95% in April, while its No. CFR Japan
naphtha ethylene-CFR Northeast Asia naphtha key spread was closely monitored by
petrochemical manufacturers. It...