Japan naphtha imports fell 47% y/y in April to 1.14M kl, government data shows, as Middle East shipments plunged 79.1% due to Strait of Hormuz disruptions. Supply crunch hits chemical, food sectors.
Japan's imports of oil-derived naphtha dropped 47% year-on-year to 1.14 million kiloliters in April, driven by a 79.1% plunge in shipments from the Middle East due to conflict-related disruptions to Strait of Hormuz shipping, according to Ministry of Finance data.
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