South Korean steam crackers to use more LPG feedstock from July as discount to naphtha widens
15.07.2020
MOSCOW (MRC) -- The diverging price spread between LPG and naphtha in recent weeks has incentivized South Korean petrochemical producers to partially switch feedstock from naphtha to LPG from July, reported S&P Global with reference to market participants' statement.South Korean naphtha buyers Hanwha Total, LG Chem, Lotte Chem and YNCC have all purchased LPG to take advantage of the chea