What is the current status of South Korea's naphtha supply, and how does it compare to last year?

South Korea has secured naphtha supplies through August at levels above those held a year earlier, according to the Ministry of Trade, Industry and Resources (MOTIR). Petrochemical product inventories also remain stable, limiting the immediate impact of renewed Middle East tensions on domestic feedstock availability and supply-demand conditions.

What actions has MOTIR taken in response to escalating Middle East tensions affecting naphtha imports?

MOTIR held an emergency meeting with petrochemical producers and the Korea Chemical Industry Association on 28 July to assess risks to naphtha imports and downstream production. It plans to establish a real-time communication system with producers, closely monitor Middle East developments and domestic/international supply-demand conditions, continue existing supply-stabilization measures, and seek additional naphtha volumes for after September if tensions persist.

South Korea secures naphtha supply through August – MOTIR

Jul 28, 2026

South Korea secured naphtha supplies through August at levels exceeding last year, stabilizing its petrochemical sector against Middle East tensions. MOTIR will monitor shipping routes and coordinate with producers to mitigate potential long-term supply risks.

icis

2026-07-28

South Korea secures naphtha supply through August – MOTIR

South Korea secures naphtha supply through August – MOTIR

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