long PX supply that deterred PX price from rising with feedstock naphtha

2019-11-28 09:05:13 CCFGroupPX-naphtha spread has been shrinking since this March. It narrowed to around $300/mt in Sep, and further to $275/mt in Oct. It hovered around $260-270/mt in the first half of Nov, however, the spread reduced drastically in recent days to $236/mt as of Nov 25 and further t