Naphtha Prices Steady as Asian Cracker Demand Persists

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LPG vs Naphtha

The spread between LPG and Naphtha has narrowed slightly, reducing the incentive for feedstock switching. This has stabilized naphtha demand in the prompt window.

Refinery Runs

High refinery runs in the Middle East and India are ensuring ample supply. The market is balanced, with prices largely tracking the movements in Brent crude.