Naphtha Prices Drop for 2025 Contracts Due to Weak Demand and Oversupply
Naphtha prices for 2025 contracts have dropped slightly due to weak demand in the petrochemical industry and a supply glut. Several Asian companies, including South Korea’s YNCC, Singapore’s PCS, and Taiwan’s Formosa Petrochemical, have signed contracts for naphtha at lower premiums compared to 2024 prices. This marks a shift in the market as companies are […]
Algeria Set to Resume Bitumen Imports from Spain
Algerian bitumen importers are preparing to restart imports from Spain, marking the end of a two-year halt on trade between the countries. The Algerian government recently lifted restrictions that were imposed in June 2022 after Spain publicly backed Morocco’s Western Sahara autonomy plan, leading to the suspension of a friendship treaty and halting bitumen shipments. […]
