UKRAINE CONFLICT
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Petrochem sector faces renewed pressure as war in Ukraine drives up feedstock prices
Naphtha is seen rising to about US$1,100/tonne by the end of Q1 and to about US$1,200/tonne by year-end, experts predict
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Published Wed, Mar 16, 2022 · 09:50 PM
Singapore
ASIA'S petrochemical producers are facing ramped-up pressure as the Russia-Ukraine war drives up feedstock prices.
Trung Ghi, Arthur D Little's (ADL) head of energy and utilities and Asia-Pacific, said: "From various sources, we will likely see naphtha rise to about US$1,100/tonne by the (end of first) quarter and potential further increases to about US$1,200/tonne by year-end.
