Falling Naphtha Prices Bring About Strong Expectation of Price Drops for Synthetic Rubber

Naphtha prices, which serve as a basis for the likes of the synthetic rubber market, are showing a significant drop amid tough market conditions. As of March 24, prices in Tokyo’s open-spec naphtha market are sitting at a median of $195 per ton when looking at product set to be delivered in late May. This is roughly a third of…

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