North Asian steam crackers rebuff LPG for naphtha in hunt for best yields

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Double-digit discounts of propane to naphtha have not lured North Asian petrochemical makers into switching to LPG as an alternate cracker feedstock due to low prices for ethylene, the main yield from cracking LPG, traders said June 17. While regional steam crackers are sticking with naphtha as key feedstock in search of valuable gasoline-blending components during summer, traders said run…