VOL. XL

No. 11

17-March-1997

KUWAIT

Mideast Naphtha Sellers Secure Increasingly Higher Premiums For1997 Term Exports

Strong demand for naphtha feedstock in Asia's rapidly expandingethylene industry is allowing Mideast exporters to secure increasingly higher premiumsover Mideast spot quotes from supply- conscious term purchasers. The most recentconfirmation of this sharply escalating price trend was illustrated late last month whenthe Kuwait Petroleum Corporation (KPC) secured a $13.50/ton...