High naphtha prompts LPG cracking : ethylene prices likely to fall in Asia

摘要

Ethylene prices in Asia are likely to see a downturn in the near future despite crude-led bullish naphtha feedstock prices, as high naphtha costs drive producers to crack LPG, which gives a higher ethylene yield, as per Platts. Asian naphtha price breached US$1,000/mt for the first time in 30 months, while CFR Northeast Asia ethylene benchmark remained steady and settled at US$1350/mt, Platts data showed.