European naphtha market bullish amid steady demand, rising prices

摘要

LONDON (ICIS)--Prices in the European open-specification naphtha spot market continued on their upward trajectory this week as a number of counteracting drivers influenced values. Bullish sentiment started to grow amid steady demand from petrochemical units, improved flows to Asia as well as a reduction in refinery run rates and increased cracker operating rates which have supported market fundamentals.