Naphtha prices surged 11 per cent in a week as US-Iran tensions and crude volatility lifted feedstock risk premiums.
CFR Far East Asia reached $1.035 per kg, nearly 90 per cent above January levels.
Further escalation could quickly raise ethylene, propylene, benzene and synthetic fibre costs, while easing geopolitical signals may cap gains temporarily.
CFR Far East Asia reached $1.035 per kg, nearly 90 per cent above January levels.
Further escalation could quickly raise ethylene, propylene, benzene and synthetic fibre costs, while easing geopolitical signals may cap gains temporarily.
