Meanings of produce petrochemicals in English

Crude prices are used as a benchmark for the pricing of feedstocks including naptha, used to produce petrochemicals.

Japan's ageing crackers, used to produce petrochemicals from naphtha, have also been struggling to compete with newer rivals in South Korea and Singapore.

Dow Chemical and DuPont have already benefitted from the U.S. shale boom that has provided cheap feedstock to allow them to produce petrochemicals more cheaply.