Oil prices dipped to levels near US$109 at the start of the week in Asia, as gasoline prices spiked in USA. Concerns abound that higher US gasoline prices could weaken crude demand. Gasoline jumped to average US$4/gallon in six US states of Alaska, California, Connecticut, Hawaii, Illinois and New York.
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Formosa buys over 90,000 tons of naphtha at higher premiums
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US propylene peaks to new highs while Asia, Europe stagnate
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Supreme Petrochem Q3 net profit surges by over 49%
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Formosa to increase capacity at Point Comfort, Texas
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Honam Petrochemical plans to buy out minority shareholders in subsidiary KP Chemical Corp.
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Lack of prompt supply props European naphtha premiums
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