Key Russian Fuel Finds Its Way Back to Buyers in South Korea
- Imports of feedstock naphtha rebound after collapsing to zero
- Plants are taking cargoes directly or via hubs, traders say
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South Korean imports of Russian naphtha have started to rebound as processors in the Asian petrochemicals hub return to the trade after initially shunning it following the outbreak of war in Ukraine.
The nation has drawn nearly 160,000 tons of the vital-but-lesser-known fuel directly from Russia so far in May, according to Kpler data compiled by Bloomberg. That puts imports on course for the highest monthly total in about a year, although the figure remains well below levels seen before the conflict.