FACTBOX: Asia's olefins prices rise as Middle East war disrupts steam cracker operations

Asia’s naphtha-fed steam crackers have reduced operating rates due to naphtha feedstock supply disruptions from the Middle East, market sources said. Several steam crackers in Asia issued force majeure due to lower runs. The Middle East conflict has disrupted shipping through the Strait of Hormuz and market sources said naphtha-fed steam crackers in China would likely reduce their operations,Asia’s naphtha-fed steam crackers have reduced operating rates due to naphtha feedstock supply disruptions from the Middle East, market sources said. Several steam crackers in Asia issued force majeure due to lower runs. The Middle East conflict has disrupted shipping through the Strait of Hormuz and market sources said naphtha-fed steam crackers in China would likely reduce their operations,Read More