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Oil price slide to boost profits at S'pore crackers

Borouge says that's because of cheaper feedstock - the price of naphtha is tied to oil's

Singapore

FALLING oil prices will boost profitability for naphtha-based petrochemical crackers such as those in Singapore, compared to crackers in the Middle East and the US that use natural gas as feedstock.

But if oil prices were to rise as quickly as they have fallen in the past few months, it would put a lot more pressure on these crackers, said Borouge CEO Wim Roels.

"Oil prices are falling, so naphtha price is falling. Polymer prices have gone down more slowly, which means some people are making...

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