Profitability advantage of gas production over naphtha narrowing in Thailand: Fitch
by ChemOrbis Editorial Team - content@chemorbis.com
According to media reports, international rating agency Fitch Ratings stated that the margins of Thailand’s naphtha-based petrochemical producers have improved on the back of lower oil prices and will continue to do so in 2016 relative to gas-based producers.
Fitch Ratings commented that gas prices did not fall as much as oil prices, leading to a smaller margin advantage for gas-based operators. The agency added that naphtha prices dropped by about 43% in 2015 whereas average gas prices in Thailand were down only by 13%.
Fitch Ratings commented that gas prices did not fall as much as oil prices, leading to a smaller margin advantage for gas-based operators. The agency added that naphtha prices dropped by about 43% in 2015 whereas average gas prices in Thailand were down only by 13%.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Global spot styrene markets open 2025 on divergent paths
- New year opens with mixed trends in China’s PVC markets
- China delays major PP, PE startups as expansion plans hit roadblocks
- Stats: Türkiye’s total PP and PE imports down year-on-year in January-November
- PP markets quiet in China; sellers pin hopes on pre-CNY demand
- China's PVC markets struggle with record lows as curtain falls on 2024
- Türkiye’s recycled markets see divergent expectations for January
- China, SE Asia Olefins outlook for 2025: Poor profitability to dominate ethylene, propylene value chains
- Türkiye’s PP and PE markets gear up for January hikes as supply dwindles
- Local PE prices end 2024 on soft notes in China