Sophie Byron, managing editor for EMEA light ends and Virginie Malicier, editor for EMEA naphtha, discuss the recent weakness in the European naphtha market, where cheaper propane remains in the petrochemical cracking pool and good availability of naphtha creates an overhang in the market. In addition Asia, a key consuming region for Europe's naphtha, is undergoing a steam cracker maintenance season resulting in lower regional demand having further knock on impacts to the European market.
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Platts 5th Annual Middle Distillates Conference 2015January 19-20, Antwerp, Belgium