Skip to content

Filter Options
Text :
Search Criteria :
Territory/Country :
Product Group/Product :
News Type :
My Favorites:

Asian naphtha prices break below $300/ton

by ChemOrbis Editorial Team -
  • 27/01/2016 (11:52)
According to market sources, spot naphtha prices posted further decreases to slip below the $300/ton threshold in Asia due to softer crude oil prices, bearish sentiment and an expected oversupply issue in the near term.

Spot naphtha prices in Asia declined $30-35/ton week over week to be currently reported at around $290-295/ton CFR Japan, hitting the lowest levels seen since late January 2009, according to weekly average prices on ChemOrbis Price Wizard. Meanwhile, spot naphtha prices in Europe also declined around $15-20/ton on the week to be currently reported below $300/ton at around $280-285/ton CIF NWE.

On Tuesday, NYMEX March crude rose $1.11/barrel to settle at $31.45/barrel while ICE March Brent crude was up $1.30/barrel to settle at $31.80/barrel. However, the current oil prices still represent the lowest levels in almost twelve years.
Free Trial
Member Login