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In 2021, Asian naphtha market retained strength as demand for naphtha as petrochemical feedstock remained firm owing to new cracker/reformer additions while persistently high prices for alternative cracking feedstock LPG continue to support buying interest for naphtha.
On the other hand, the recovery in Asian gasoline demand and overall Asian and Middle Eastern refinery runs were slow as the regions struggled to control COVID outbreaks and push through aggressively for vaccination progress.
Towards the end of 2021, a new COVID-19 variant of concern, Omicron, entered the picture and threw further confusion on the short term market outlook. Furthermore, the ongoing Russia-Ukraine conflict has led to higher crude, LPG and naphtha prices and increased market uncertainty and worries over potential naphtha supply constraints.
This webinar explores the key narratives behind IHS Markit's expectations on 2022-2023 naphtha market going forward, covering topics such as:
There will also be a Q&A session.
Date: 7 April 2022 (Thursday)
Time: 4:00pm (Singapore time, GMT +8)
Duration: 1 hour
*This webinar will be a live online event including a live Q&A.