Skip to content

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

Naphtha prices move above $500/ton threshold in Asia

by ChemOrbis Editorial Team - content@chemorbis.com
  • 04/02/2015 (13:40)
According to market sources, spot naphtha prices have moved above the $500/ton threshold in Asia on the back of stronger demand as well as tight regional supply stemming from delayed shipments from Northwest Europe.

Spot naphtha prices in Asia increased around $75/ton week over week to be currently quoted at around $515/ton CFR Japan while the prices have climbed approximately $50/ton compared with the beginning of the new year.

Meanwhile, spot naphtha prices are also approaching the $500/ton threshold in Europe. The increase in the European naphtha market was attributed to supply issues in the Mediterranean and firmer Asian markets.

Spot naphtha prices in Europe rose approximately $80/ton week over week to be currently quoted at around $490-495/ton on a CIF ARA basis. Naphtha prices in Europe have increased by $75/ton compared with the beginning of January.
Free Trial
Member Login