Last month petrochemical prices have increased owing to rise in the prices of crude oil and Naphtha.
As per the GCP source, crude oil prices have increased around 15-16 percent and Naphtha prices climbed approx 12-13 percent, which has resulted in sharp escalation in the prices of petrochemical. Moreover, shortage of supply of ethylene due to plant shut down also has increased the prices of petrochemical last month.
