S. Korea to ban hoarding of petrochemical feedstocks amid Middle East tensions

South Korea will ban hoarding of key petrochemical feedstocks and products starting Wednesday, the government said, as the Iran war raises the risk of further supply disruptions. The industry and finance ministries said in a joint statement Tuesday that they will issue and enforce the ban from midnight. Supply disruptions are already starting to hit parts of the petrochemical market, as rising naphtha prices driven by Middle East tensions push up costs, squeeze production and heighten worries ab

By The Korea Herald