North Sea butaneaphtha price ratio being held steady by petchem buying

摘要

London — The CIF North Sea butane/CIF naphtha price ratio has been holding steady this month, supported by petrochemical buying interest, industry sources said. North Sea butane is used in Northwest Europe by the gasoline-related sector to produce alkylate and MTBE and by petrochemicals users as as an alternative feedstock to naphtha. Demand from the gasoline-related sector was said to be thin, industry sources said, adding there was buying interest from the petchems sector The key CIF mixed butane/CIF naphtha price ratio has been in a range of around 90-92% over March and was at 91% Tuesday, Platts data showed.