Reuters: New Iranian supply might hit Asian naphtha market

According to a Reuters report on March 10, Asian naphtha producers might fall into negative margins zone by mid of the year as Iran start operating new condensate splitters, which allows the country to increase naphtha export.

However, the naphtha market could regain the balance by next year once the reformers units, which are attached with these condensate splitters, come online by end of the year to produce gasoline, the report stated.