TOKYO -- Asian prices for naphtha, a vital precursor of plastics, have dropped to a 16-month low on lower crude oil prices and weak demand.
Commodities
Asian naphtha prices fall to 16-month low on cheaper crude oil
Demand for plastics feedstock is down across the region
An SK Energy refinery in Ulsan, South Korea. Naphtha cracking facilities across Asia are reportedly close to suspending operations due to declining profits. © Reuters
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