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Already said it is not export stock la, most product supply to local and Indonesia. But their naphtha get from oversea, count in USD. So ringgit stronger is good for them but not that much.
hydrocarbon mixture. Mixtures labelled naphtha have been produced from natural gas condensates, petroleum distillates, and the distillation of coal tar and peat. In different industries and regions naphtha may also be crude oil or refined products such as kerosene.
oil price getting higher mean naphtha getting higher price.
lctitan plants seemed could use up to 50% of other raw material together with naphtha to crack ethylene and propylene to produce PE and PP.
The dominant production cost is from raw material. hence, the margin is dominant by raw material planning, sourcing, control, alternative and so on.
