Naphtha prices slip further; SCG Chemicals restarts Rayong plant
Asia naphtha prices eased for a third straight day, with first-half November down $18 to $924.75/mt; concerns over supplies persist in a steep backwardated market. SCG Chemicals restarted its Rayong plant.
Asia’s naphtha price declined for a third straight session, tracking weakness in crude oil benchmarks, though supply concerns remained in a steeply backwardated market. 75 per metric ton. The naphtha crack slipped by about $8 to $151.