Naphtha supply disruptions threaten Thailand's economy. Middle East tensions and Strait of Hormuz uncertainty are creating significant risks for plastic production, a key industry. An expert warns naphtha imports remain highly volatile with few signs of conflict resolution. Thailand depends on Middle Eastern sources for over half its crude oil, much passing through the strategic waterway. Short-term solutions include diversifying suppliers to Saudi Arabia, Oman, Russia, and Malaysia, but alternative routes cost more due to longer distances and higher insurance. Domestic refineries face technical challenges adapting to different crude types. Plastic pellet prices could surge 30-40 percent, while downstream products like packaging may jump 60-70 percent.
