Indonesia's Economy Minister says they are going to cut the import duty for naphtha to 0%

Indonesia's decision to cut the import duty for naphtha to 0% signals a likely increase in supply in the market, potentially leading to lower prices. This move could support domestic petrochemical industries while impacting global naphtha prices, especially if Indonesia is a significant player in the trade. Traders should watch for potential shifts in demand dynamics and the broader implications for energy and commodity markets.