Naphtha Spot Prices Continue Upward Trend-Break US35/bbl Mark

摘要

Against a backdrop of high crude oil prices and a tightening of the sup-ply-demand balance, the feeling in the market that the upward pricing trend that started at the beginning of the year in Asia will continue for the foreseeable future has strength-ened. This is because in addition to the fact that the tension regarding the Iraq situation is not evaporating, speculation that ethylene plant operators in the Asian region, including those in Japan and South Korea, want to do their utmost to ensure raw material supply allocation is being strongly reflected in the market.