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Europe-Asia naphtha arbitrage slips to 3-month low for August loadings on tight supply

Europe-Asia naphtha arbitrage slips to 3-month low for August loadings on tight supply
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Asia to draw more naphtha arbitrage cargoes on increased steam cracker capacity


Asia to draw more naphtha arbitrage cargoes on increased steam cracker capacity
Asian naphtha is set to begin 2021 on a bullish note, with the market firm on demand recovery from the successful restart of South Korean Lotte Chemical’s Daesan steam cracker. Looking forward, fresh steam cracker capacity is expected to come online in the north Asian petrochemicals hub, which would further increase overall Asian naphtha demand.
“We forecast demand will be strong for 2021 because [South Korea’s] YNCC and LG Chem will restart [from turnarounds] in January. The total increase in naphtha demand should be at least four-six cargoes per month (100,000-150,000 mt/month), but we hope that the deficit will not be as much as expected as US deepsea cargoes will start to move into Asia,” said a South Korea-based naphtha end-user. ....

South Korea , South Korean , Eshwar Yennigalla , South Korean Lotte Chemical , South Korea Based , Middle East , தெற்கு கொரியா , தெற்கு கொரியன் , தெற்கு கொரியன் நிறைய இரசாயன , தெற்கு கொரியா அடிப்படையிலானது , நடுத்தர கிழக்கு ,