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The most immediate effect is visible in naphtha; a key petrochemical feedstock derived from crude oil refining. Over the past week, naphtha prices have climbed around ** per cent, reaching nearly $*** per metric ton. Market indicators suggest that naphtha will surge by another **–** per cent in the coming days.
Because naphtha is a foundational raw material for numerous downstream petrochemicals, the impact will likely cascade across plastics, fertilisers, textiles, and chemical industries worldwide.
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