Supply outpaces demand

摘要

Prices fell amid concerns that the market is oversupplied, as refineries emerged from maintenance and as regional producers raised export levels. Spot naphtha supplies from the Mideast Gulf and India swamped the market. Naphtha fell to its widest discount to crude in nearly nine months. Ethylene margins slipped, prompting petrochemical producers to cut throughputs at their steam crackers, reducing naphtha demand.