picryl
Naphtha is utilized to create various products, such as solvents, laundry soaps, plastic wraps, paints, glues, rubber goods, and labels.
As reported by Nikkei, 40% of Japan's naphtha demand is fulfilled by domestic refining, while another 40% is sourced from imports from the Middle East.
The operation by the US and Israel against Iran has successfully blocked the Strait of Hormuz, affecting supply chains.
On April 5, Japanese Prime Minister Sanae Takaichi announced that Japan has imported naphtha stocks and domestic production equivalent to two months’ worth of consumption, along with manufactured goods, such as polyethylene, enough for an additional two months.
source: asia.nikkei.com
As reported by Nikkei, 40% of Japan's naphtha demand is fulfilled by domestic refining, while another 40% is sourced from imports from the Middle East.
The operation by the US and Israel against Iran has successfully blocked the Strait of Hormuz, affecting supply chains.
On April 5, Japanese Prime Minister Sanae Takaichi announced that Japan has imported naphtha stocks and domestic production equivalent to two months’ worth of consumption, along with manufactured goods, such as polyethylene, enough for an additional two months.
source: asia.nikkei.com