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Asian LPG Cracking Demand

Despite weaker-than-expected Asian LPG prices in the fourth quarter of 2018, the LPG/naphtha ratio suggested that LPG cracking economics remained unfavorable due to the persistent sluggishness of the naphtha market. According to IHS Markit-OPIS data as of Dec. 7, the propane/naphtha ratio was estimated at around 97.6%, which indicates that using naphtha is more profitable than LPG. Most petrochemical producers…