Related Keywords: Boost in naphtha exports, exporting more naphtha, fueling concerns of an oversupply in the region, generates naphtha surpluses, Japan and other Asian markets by India, Naphtha used for some gasoline, slowing Indian gasoline demand, sluggish gasoline demand in India
India exported around 895,000 tons of naphtha to East Asia in March, 60-80% more than in February. March naphtha exports from Europe also appear to have grown around 10% from the prior month reported Japanese general trading companies.
Boost in naphtha exports to Japan and other Asian markets by India is fueling concerns of an oversupply in the region. One cause of the increase in Asian exports is sluggish gasoline demand in India, explains Kenta Kato, head of Mitsui & Co.'s petroleum business office.
