Reported about 14 hours ago
China's naphtha imports are expected to reach record highs in 2025 due to the development of new petrochemical plants and cautious purchasing of U.S. propane and ethane amidst trade tensions. Analysts predict imports will soar to between 16 million and 17 million metric tons, driven by the need for supply diversification and rising demand, following a significant decrease in U.S. supplies due to the ongoing trade conflict. This supply surge is anticipated to bolster margins for Asian refiners as naphtha demand continues to grow.
Source: YAHOO