Asia’s butadiene-naphtha spread drops $121/mt to hit 5-month low Aug 12

Asia’s butadiene-naphtha spread fell $121/mt day on day to hit a five-month low of $289.25/mt on Aug. 12, data from S&P Global Commodity Insights showed, driven by rapidly falling butadiene prices stemming from heavy supplies. The Asian butadiene market has been under pressure amid rising supplies in China, sources said. On Aug. 12, the spread was lower than a typical…