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Asia's cracking raw materials welcome conversion opportunities

 Last Update: 2022-08-24
 Source: Internet
 Author: User

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LPG price lowers relative shortage of naphtha

In Asia, naphtha is the main feedstock for crackers

The trend of two raw materials is one high and one low

Recently, due to various factors, naphtha and LPG prices in Asia have moved in opposite directions

The Asian naphtha market as a whole remained firm as naphtha buyers in Asia hoped the tight supply situation could be eased due to higher olefin margins, the sources said

Meanwhile, the relative shortage of naphtha gives LPG an opportunity

LPG raw material has obvious advantages

Replacing some naphtha feedstocks with LPG may ease the tight supply situation in the Asian naphtha market and allow crackers to gain better olefin yields

Platts analyst Manish Sejwal said the above is good news for using more LPG to replace naphtha feedstocks

A South Korean cracker operator said: "In July, the LPG feedstock used by the company only accounted for 1/3 of the maximum available amount

LPG usage is still limited

While Asian crackers started using more LPG as a feedstock in July, they may not be able to maximize the use of LPG as a cheap feedstock

A Northeast Asian cracker operator said: "The use of LPG as a feedstock in Asia's crackers is still limited, and only some South Korean and Japanese crackers have doped naphtha with LPG as a feedstock

Thailand's PTTGC said it may only buy spot LPG in the fourth quarter of this year to match the commissioning of its new cracker in the second half of October

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