|2019-06-18 来源： 中国石化新闻网|
孙子舒 编译自 安迅思
Asia naphtha hit by supply overhang; demand could bounce back
A supply overhang amid feeble downstream petrochemical demand has hit Asia's naphtha market, although demand could bounce back on cracker expansion and restarts.
Spot naphtha prices have declined substantially in the first half of the year to under $500/tonne levels, pummeled by steep losses in global crude oil benchmarks.
On a CFR (cost and freight) Japan basis, naphtha prices for second-half July averaged at $465.00/tonne as of 11 June, down by a hefty $108/tonne from month-earlier levels and a 29% decline from the same period a year earlier, ICIS data showed.