在9月的Napttha Crackers维护中，西部的石脑油西部运往亚洲，超出了需求

24-Aug-19

Asia is expected to receive 1.3 mln tons of naphtha from the West in September, exceeding demand from regional steam crackers. Shipments of naphtha from the West, including Europe and the Mediterranean, to Asia in September are forecast to exceed Asian demand amid maintenance at naphtha crackers and as petrochemical producers use alternative feedstocks, as per Reuters. Taiwan’s Formosa Petrochemical Corp, Asia’s top naphtha importer, and Chandra Asri, which operates Indonesia’s only steam cracker, are down for maintenance until late September, reducing regional naphtha demand by at least 300,000 tons next month.

“This is still too much supply for September ... Asia needs probably 1 million tonnes,” said a Singapore-based industry source who tracks the eastbound cargoes. Naphtha supply has outpaced demand this year because of scheduled cracker maintenance, cracker outages in Japan and South Korea and the prolonged use of cheaper alternative feedstock liquefied petroleum gas. That has pressured the naptha crack spread vs Brent crude oil to an average of US$35.50/ton for this year, set for the lowest yearly average since Reuters data started in April 2008. Matthew Chew, principal oil analyst at IHS Markit said that the September supply surplus is expected to be around 100,000 tons versus 150,000 to 200,000 tons in August.