Thai petrochemical firm diversifies naphtha imports amid Hormuz snarl

Thailand's SCG Chemicals has diversified its naphtha sourcing to cope with delivery disruption from the Strait of Hormuz, its CEO said on Thursday.

SCG is buying mostly from India, Australia and Nigeria, CEO Sakchai Patiparnpreechavud said on the sidelines of the APPEC conference.

Some volume was coming from United Arab Emirates and Saudi Arabia's Yanbu port, Patiparnpreechavud said.

"So far we have been buying from spot markets and not looking at term contracts in this environment," he said, referring to shipping attacks in the Persian Gulf waterway.