KPC’s Naphtha Negotiations to Inevitably Bog Down Due to Market Recovery

摘要

The term naphtha price negotiations, which Kuwait Petroleum Corporation (KPC) will commence on February 9th in Dubai, will inevitably bog down in the wake of the current recovery of market conditions. Customers in Japan, South Korea, Taiwan and so on will participate in the negotiations to fix premiums of full range naphtha and light naphtha for the supply over April 2015-March 2016 cycle. In Asia, the market has been continuously weak since September 2014 on account of oversupply, which, however, turned bullish on January 20th..