Japan flips to net importer of petrochemicals on naphtha price surge

Importing petrochemicals instead of producing them from naphtha makes it easier to adjust procurement to meet downstream demand. (Photo by Nikkei) TOKYO — Japanese imports of basic petrochemicals used in products such as plastics have surged, with purchases from China and South Korea becoming more economical as the Iran war disrupts supplies of crude oil-derived naphtha.

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