Naphtha Prices, News, Demand and Supply | ChemAnalyst

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Naphtha Prices Overview
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Market Overview Quarterly Update on Global
Naphtha Market Asia   Supply remained tight in
the third quarter of 2020 against the backdrop of
lower deep-sea arbitrage from west followed by
several refinery turnarounds in the US due to
spate of seasonal Hurricanes. Get more info
https//www.chemanalyst.com/Pricing-data/naphtha-4
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Naphtha Prices Overview
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However, in the second half of the quarter,
supply considerably eased as crude oil futures
tumbled to astonishing lows amid narrowed fuel
demand under consistent increment in coronavirus
cases across the globe . Demand for light Naphtha
utilized in manufacturing of olefins remained
stable to firm while that of heavy Naphtha
crippled on the back of volatility in the
aromatics sector. Demand pattern was articulated
when spot cargoes for light Naphtha achieved
premium whereas heavy grade Naphtha received
appreciable discounts. Naphthas crack spread in
Asia traced a downward trajectory from USD 62.73
per tonne to USD 56.60 per tonne in the beginning
of August. Europe   Naphtha values firmed in the
second half of the third quarter supported by
tight supply from western countries on the
backdrop of logistics disruption due to US
hurricanes. In addition, cuts in the operating
rates balanced the supply fundamentals and aided
is maintaining the inventory levels. Prices of
Naphtha in Europe averaged around USD 951 per
tonne, with a rise of 1 per cent since July.
Limited imports from the US provided room for
European manufacturers to extend their profit
intakes amidst widened demand and supply gap.
However, supple inflows of cargoes from Russia
and reduced arbitrage from Asia marginally
pressurized the market fundamentals in late
September.   North America   In contrast to the
market fundamentals of Naphtha across the globe,
saturated US market has made light Naphtha dive
to its lowest level in the first week of
September from June. As the force measure caused
by Hurricane Laura negatively affected the export
margins of various oil refiners, market players
eyed to make up for their loss by catering to the
large export demand in late September. However,
few players showed resistance towards voyages to
Asia due to the volatile freight charges in the
region.
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Naphtha Prices Overview
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• Methodology
• ChemAnalyst gathers information through primary
  research surveys conducted with various Naphtha
  manufacturers, spread across the domestic and
  international market, suppliers and
  dealers/distributors to gain insights
  into value-chains and demand-supply scenario to
  assess the market situation. Thorough study of
  companys annual reports and secondary sources
  such as exhaustive search on credible paid
  databases, including our internal database is
  done to verify the information. All the collected
  information is analyzed, evaluated and presented
  in chronological order to depict a meaningful and
  clear picture of the concerned market.
•  
• Our dedicated team of industry experts
  comprehensively monitors and analyzes various
  aspects of the Global Naphtha market. The team
  analyzes various industrial segments, strategic
  viewpoints and provides an analysis of the
  industrys performance in the long run. This
  would enable our clients in efficiently plan
  their future investments, mitigate risk,
  understand the cost dynamics and strike out a
  balance amidst market volatility.
•  
• Critical examination of the impact of COVID-19
  pandemic on the global supply chains and shift in
  demand patterns with change in buying behavior of
  consumers across the globe.

4
Naphtha Prices Overview
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• Several ongoing development projects across
  industries are tracked, followed by the details
  of major projects in the development stage, which
  can positively or negatively influence Global
  Naphtha market.
•  
• Pricing is captured through exhaustive primary
  interviews with domestic and international
  manufacturers, traders and importers and
  customers on daily, weekly, monthly and yearly
  basis.
•  
• Finally, region-specific markets for Naphtha are
  analyzed and region-wise demand pattern is
  tracked.
• About
• Naphtha is a liquid hydrocarbon mixture, mainly
  utilized for gasoline blending, reforming and
  petrochemical cracking. Naphtha can be
  categorized as Light Paraffin Naphtha and Heavy
  Naphtha, depending upon the production method.
  Since Light Naphtha is rich in olefins and boils
  at a comparatively lower temperature than Heavy
  Naphtha, it is widely utilized to manufacture
  various olefins/polyolefins like Propylene,
  Ethylene and others. Whereas Heavy Naphtha, being
  rich in aromatic and naphthenic content, is
  efficiently utilized as a feedstock for compounds
  such as Benzene, Toluene and others. It is also
  used to increase the octane number in gasoline
  reforming. Naphtha solvent of ideal properties is
  widely preferred for polymers, paint and coating
  and printing applications. Naphtha is primarily
  produced by crude refining in a crude
  distillation unit along with four other compounds
  namely light and heavy gas oil, kerosene and
  atmospheric residue. Development of advanced
  technology has enabled the production of Naphtha
  from gas to gas liquid processing and condensate
  splitting.