Get the latest insights on price movement and trend analysis of Naphtha in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
For the First Half of 2022
Naphtha prices kept on the higher end of the scale in the Chinese domestic market during Q1. The resurgence of covid-19 caused the government to impose temporary restrictions on industrial activity. This severely impacted industrial production, thereby depleting inventories and creating shortages. The robust downstream demand from the medical and pharmaceutical sector supported the higher quotations of Naphtha, averaging 1363 USD/MT.
The prices in the Indian market were stable as compared to the Chinese domestic market, as cheap raw materials were readily available from Russia via cheap imports. With Russian imports readily entering the Chinese domestic market during the second quarter, coupled with the upliftment of pandemic-related shutdowns, naphtha prices fell across the market.
The petrochemical industry was heavily impacted due to the Russian-Ukrainian geopolitical conflict. With a majority of European countries directly dependent on Russian supplies for more than 50% of their energy needs, the sanctions against Russian exports triggered a staggering energy crisis in Europe.
The solid demand from downstream polyethene and polypropylene industries further supported the high prices of Naphtha. However, these higher prices led to demand destruction giving rise to cautious wait-and-see buying activity. Hence, naphtha prices fell towards the end of the second quarter.
Naphtha prices readily increased throughout the US domestic market during the first quarter, given the soaring prices of crude oil and natural gas. The manufacturers raised their respective quotations to cushion their profits amid high downstream demand. However, the second quarter couldn’t keep up with the gained momentum in prices in the first quarter per the relinquished demand surge.
According to Procurement Resource, naphtha prices will likely crash further on the back of copious supplies as OPEC+ has changed their supply policies. Moreover, the demand for downstream plastics and polymers has gone drab and feeble.
Procurement Resource provides latest prices of Naphtha. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Naphtha is a type of gasoline or raw petrol derived from raw materials and crude oil for use in the chemical industry. It a is a highly versatile hydrocarbon compound that is highly flammable, colourless, and highly volatile. It is made by distilling organic substances such as wood, coal tar, petroleum, and shale. Depending on its source or composition, naphtha is known by various names such as coal tar naphtha, wood naphtha, petroleum spirits, shellite, and white gas.
|Industrial Uses||Petrochemicals, Agriculture, Paints and coatings, Aerospace|
|Synonyms||Petroleum Naphtha, Petroleum Ether|
|Supplier Database||China Petrochemical Corporation, Reliance Industries Limited, Shell Chemicals, Exxon Mobil Corporation, Indian Oil Corporation Limited, Novatek, SABIC|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Naphtha is produced in petroleum refineries as one of the intermediate products of crude oil distillation.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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