Crude Futures Firm on Spot Demand
Crude oil futures firmed amid firm spot demand, with both major global benchmarks edging higher in trade. Increased positioning by market participants reflected continued underlying demand support.
Naphthalene Price Trend Analysis 2026: Latest News, Price Drivers, Market Insights, Historical Prices & Supply Demand Analysis
Written ByPragati Agarwal
Naphthalene Latest Development
Hormuz Disruption Tightens Global Oil Supply
Strait of Hormuz closure continues to constrain global oil supply, with observed output remaining significantly below year-ago levels. IEA revised its demand forecast downward as inventories fell to multi-decade lows, reinforcing upward price pressure and market volatility.
Naphthalene Price Trend Q2 2026
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Naphthalene | China | FOB | USD 721.86/MT | June 2026 |
| Naphthalene | India | FOB | USD 809.41/MT | June 2026 |
| Naphthalene | USA | CIF | USD 876.81/MT | June 2026 |
| Naphthalene | Brazil | CIF | USD 893.47/MT | June 2026 |
| Naphthalene | Canada | CIF | USD 876.81/MT | June 2026 |
| Naphthalene | China | FOB | USD 721.86/MT | May 2026 |
| Naphthalene | India | FOB | USD 1,362.10/MT | May 2026 |
| Naphthalene | USA | CIF | USD 908.39/MT | May 2026 |
| Naphthalene | Brazil | CIF | USD 1,040.39/MT | May 2026 |
| Naphthalene | Canada | CIF | USD 1,159.58/MT | May 2026 |
Stay updated with the latest Naphthalene prices, historical data, and tailored regional analysis
- Global naphthalene prices declined in Q2’26 as lower energy costs, weaker downstream demand and improved supply availability reduced market support.
- Feedstock movements influenced pricing, with early crude-related supply pressure followed by lower replacement costs later in the quarter.
- Demand remained weak from chemical and industrial applications, limiting recovery despite support from some end-use sectors.
Asia
Naphthalene prices in China declined to ~RMB 6.49/kg in April and ~RMB 4.88/kg in May, showing a ~24.7% decrease. The market initially received support from higher crude-linked costs and supply concerns, but prices weakened as energy markets corrected and industrial demand remained cautious. Naphtha prices, an important upstream indicator for aromatic markets, declined sharply after crude supply disruptions eased, reducing production-cost support. Lower profitability in petrochemical operations reduced purchasing interest, while weaker demand from downstream sectors limited price recovery. Chemical producers and industrial users continued purchasing mainly based on immediate requirements, keeping inventories under control but preventing stronger market movement.
Europe
Naphthalene prices in Europe remained under pressure during Q2 as earlier feedstock cost support weakened. Higher crude-related costs supported the market during April, but declining energy prices and softer petrochemical demand pushed prices lower through May and June. Naphtha costs reduced later in the quarter as crude values declined, lowering replacement costs for aromatic products. Gasoline blending demand provided some support to refinery economics, but weak demand from chemical and industrial applications limited the impact. Reduced activity in construction and manufacturing-related sectors also affected demand for naphthalene derivatives used in coatings, chemicals and specialty applications.
North America
Naphthalene prices in the United States declined to ~USD 1,037.28/MT in April and ~USD 908.39/MT in May, showing a ~12.4% decrease. The market faced early-quarter pressure from global crude supply disruptions and tighter availability, but conditions improved as refinery activity increased and energy prices declined. Naphtha availability improved later as refinery utilisation increased, supporting greater production of light hydrocarbon streams and reducing supply concerns. Gasoline demand provided some support for refinery economics, but moderate industrial activity and weaker chemical demand limited stronger pricing. Downstream consumption remained cautious across applications linked to coatings, chemicals and industrial materials.
Analyst Insight
According to Procurement Resource, naphthalene prices are expected to remain influenced by energy market movements, refinery operations and demand recovery in downstream chemical applications.
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- Global naphthalene prices followed a firm and volatile trend in Q1 2026, with the market strengthening as war-related supply disruption and freight risk increased cost pressure across regions.
- Feedstock conditions tightened sharply as the Iran war disrupted tanker movement, raised insurance and shipping costs, and created an acute supply deficit after the effective closure of the Strait of Hormuz.
- Downstream demand remained restrained by high costs, though buying from phthalic anhydride, construction chemicals, dyes, and related industrial segments continued on an essential basis.
Asia
In Asia, naphthalene prices moved upward during Q1 2026 and largely tracked the broader energy market. The Iran war sharply disrupted normal tanker routes through the Strait of Hormuz, which affected around one-fifth of global oil and LNG flows and tightened regional supply conditions. In India, the impact was stronger because import dependence on the Middle East remained high, with about 40% of crude imports sourced from the region and around 60% of LPG flows linked to Hormuz. Freight charges and tanker insurance rose sharply, forcing refiners to alter sourcing plans, reschedule maintenance, and seek alternate cargoes. These disruptions supported naphthalene prices despite cautious downstream buying. In China, supply pressure also increased as Asian refiners faced shortages and elevated landed costs, which supported the market even as buyers remained selective.
Europe
In Europe, naphthalene prices also rose in Q1 2026 as buyers competed for reduced cargo availability after Gulf exports were disrupted. Higher freight and insurance costs pushed landed costs upward, while limited imports and a stronger dollar added further pressure. European buyers responded by diversifying sourcing and securing longer-term contracts, which kept the market firm. Demand from construction-linked chemicals and industrial applications remained moderate, but high replacement costs prevented any meaningful decline.
North America
In North America, naphthalene prices strengthened through the quarter, supported by higher import risk premiums and elevated freight costs linked to the Iran war. Strategic inventories and domestic production adjustments reduced the severity of the shock, but market sentiment remained firm because global trade disruption continued to affect replacement costs. Demand stayed controlled, with buyers focusing on short-term requirements amid persistent volatility.
About Naphthalene
Naphthalene is a white, crystalline aromatic hydrocarbon with the molecular formula C10H8. It is composed of two fused benzene rings and is commonly found in coal tar and petroleum. With a distinct, pungent odor, naphthalene is often used as a moth repellent or as a raw material in the production of dyes, resins, and plastics. It is volatile and sublimes at room temperature, transitioning from a solid to a gas without becoming a liquid.
Naphthalene Product Detail
Hs Code
29039960
Chemical Formula
C10H8
Cas Number
91-20-3
Molecular Weight
128.17 g/mol
Industrial Uses
Moth flakes and moth balls, Fuels and additives, Lubricants and greases, Solvent system, Plastics
Synonyms
Naphthalin, Tar camphor
Supplier Database
Rain Carbon Inc, JFE Chemical Corporation, Exxon Mobil Corporation, Carbotech, Epsilon Carbon Private Limited
Regional Coverage
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
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-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.
Naphthalene Production Processes
The distillation and fractionation techniques are used in this process. Crude naphthalene is produced by cooling and crystallizing the middle portions, which contain the majority of the naphthalene. In order to produce refined naphthalene, the crude product is then placed into a distillation, washing, and sublimation process.
Our Price Analysis Methodology
About the Author
Pragati Agarwal
Senior Business Insights Analyst
Delivering price trend analysis and procurement market insights at Procurement Resource, with expertise in identifying commodity patterns, supporting purchasing strategies, and improving cost efficiency through actionable market intelligence.
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