Bearish Sentiment to Dominate Oversupplied Asian Naphtha Market for a While

摘要

It is anticipated that Asian naphtha market remains in bearish mood for the time being. Although there has stillbeen steady demand, an influx of naphtha cargoes from Europe into Asia has exceeded demand. Traders are holdingcargoes that remain unsold. Since Yeochun NCC (YNCC) in South Korea and Tosoh Corporation in Japan will startconducting turnaround at their naphtha crackers in mid-March, there will be a growing expectation that naphtha becomesredundant further.