Naphtha’s price surge in May and June has made LPG more cost effective for petrochemical crackers that are able to switch feedstocks. LPG prices moved only slightly higher during the naphtha rally, and especially so in producing regions such as
Olefin and feedstock offtake plummeted in February in regions that are being impacted by the coronavirus, such as East Asia (See Vol. 1, Issue 1), but Latin America has nearly been completely spared. Discharges of propylene and naphtha in the
The spread between the price of naphtha and propane widened significantly since the beginning of this year. Naphtha was quoted recently at a premium of $85/Mt to propane, which compares to a premium of only $20/Mt at the end of
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