Naphtha
Japan to boost intermediate chemical imports amid tighter naphtha supply
About 40% of domestic naphtha consumption is met by domestic production, with another 40% sourced from the Middle East and 20% from other regions, but the war in the Middle East has made imports from that region difficult.
U.S. naphtha exports surge to record high on Japanese, Venezuelan buying
South Korea's LG Chem to import Russian naphtha
The country's Industry Ministry had earlier confirmed the shipment, including its size, but did not disclose the importing company's name.
Iran war chokes petrochemical supply, sends plastic prices soaring
About $20 B–$25 B worth of petrochemical products pass through the Strait annually, underscoring the fact that continued disruptions to this flow would push producers to pass the higher costs on to consumers.
South Korea enforces naphtha export ban amid Middle East supply disruptions
The move requires refiners to divert export volumes to the local market and give the government powers to order production and allocation of naphtha, a key petrochemical feedstock used in chips, autos, plastics and everyday goods.
Russia's Novatek to maximize naphtha exports in March amid Asia shortage
Rising production in Ust-Luga and easing ice conditions in the Baltic Sea will allow Novatek to boost naphtha exports to Asian markets, where supply challenges due to the Gulf conflict have sent prices to record highs.
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- Iran has attacked Saudi Arabia's Jubail petrochemical complex, IRGC says 4/7
- Iran's Marvdasht Petrochemical complex attacked by US and Israel 4/7
- Iran's Revolutionary Guards say they targeted petrochemical facilities in the Gulf 4/6
