TITLE

Naphtha buyers opt for LPG

AUTHOR(S)
Kovac, Matty
PUB. DATE
April 2007
SOURCE
ICIS Chemical Business;4/16/2007, Vol. 2 Issue 62, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of some crackers to switch some of their feedstocks to liquefied petroleum gas (LPG) to protect themselves against high naphtha prices in east Asia. Naphtha hit a record high of $699-700 per tonne cost and freight Japan on April 5, 2007. Strong crude oil prices and a supply crunch in the region are largely to blame. This has made alternatives such as LPG from gas-producing countries, such as Qatar and United Arab Emirates, more attractive.
ACCESSION #
24857296

 

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