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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
OIL PRODUCTS
Asia’s naphtha market is likely to stay under pressure in 2024 amid squeezed olefin margins, although some support should come from gasoline demand, Platts said.
- Naphtha margins are expected to remain in negative territory in 2024, driven by overcapacity in downstream petrochemical markets which will cap operations.
- Heavy naphtha may find some support from gasoline blending, with the sector in Asia expected to remain firm in 2024 and see rising regional demand.
- "Overall naphtha demand is likely to pick up from such [Chinese petrochemical] projects. However, heavy naphtha is likely to receive more support rather than light naphtha. The poor olefins outlook might hinder demand," an Asian petrochemical producer told Platts.
SourcE: S&P Global Commodity Insights
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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