U.S. benchmark and international crude benchmarks both fell as investors took profits following prior gains on the announcement of sweeping new U.S. sanctions targeting Iran. The 'Operation Economic Outcast' campaign imposes global sanctions with no exemption for China, creating uncertainty around Iranian oil flows. Prices remain volatile as markets assess whether the sanctions will successfully isolate Iran's energy sector or be circumvented.
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.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Naphthalene | China | FOB | USD 739.91/MT | July 2026 |
| Naphthalene | India | FOB | USD 846.91/MT | July 2026 |
| Naphthalene | USA | CIF | USD 927.40/MT | July 2026 |
| Naphthalene | Brazil | CIF | USD 911.52/MT | July 2026 |
| Naphthalene | Canada | CIF | USD 942.40/MT | July 2026 |
| 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 |
Stay updated with the latest Naphthalene prices, historical data, and tailored regional analysis
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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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.
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.
C10H8
Moth flakes and moth balls, Fuels and additives, Lubricants and greases, Solvent system, Plastics
Naphthalin, Tar camphor
Rain Carbon Inc, JFE Chemical Corporation, Exxon Mobil Corporation, Carbotech, Epsilon Carbon Private Limited
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.
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.
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