Asia benzene/naphtha spread may move down: ICIS Analytics & Consulting

摘要

LONDON (ICIS)--The spread between benzene and naphtha pricing in Asia may slip over the next two to three months as a result of market oversupply, according to Sashi Madgula, senior analyst at ICIS Analytics & Consulting on Friday. The benzene/naphtha spread is likely to correct downward but will remain healthy on the back of lower naphtha pricing and good refining margins driving profitability of benzene production in Asia, Magdula said.