Katrina rouses Asian olefins

摘要

ASIAN OLEFINS markets,which had settled into a state of suspended animation in recent weeks,seemed to suddenly come alive last week,as crude hit a record high of USUS70.85/bbl,exacerbated by the devastating effect of Hurricane Katrina.There were no huge spikes in prices,except for naphtha,which surged by USUS50/ tonne from two weeks earlier,to USUS611/ tonne cfr Japan.