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Polymer prices fall on low crude, naphtha prices

from Business Standard

Polymer prices, after rising for less than a month, fell once again in the domestic market following low crude oil and naphtha prices globally. Industry sources said the falling crude price has led to a drastic decline in naphtha prices around the globe. While crude prices have come down to $86-88 a barrel, naphtha prices are hovering around $860-870 a ton. This is as against a high of $110-115 a barrel for crude, which had propelled naphtha to touch a peak of $1,000 a ton few weeks before. more

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