The weekly ICIS Naphtha price reports are covered by local reporters in Asia, Europe and the US. News within the report can include, when applicable, Brent crude-naphtha crack spreads, arbitrage opportunities, upstream news, production issues, cracker margins and refinery reports along side the up-to-the minute pricing information. Use the report to find out which different factors are driving prices before making vital business decisions.
Naphtha Europe Transcript
The ICIS European naphtha report is a weekly report which contains all the latest market commentary and weekly prices for the market. It is a very fast moving market with lots of factors influencing supply and demand and therefore the price.
ICIS speaks to a wide range of contacts including buyers, traders, producers and brokers.
Drawing on this broad base of information enables ICIS to offer a comprehensive commentary on market events and also form an accurate, balanced and objective view of market activity, and any trends which might be occurring, and where possible contacts sometimes make forecasts of where the market might head next.
Whether you are a producer, buyer, broker or even consumer, having access to this information about latest market events and prices is very valuable in order for you to make informed business decisions and this report will enable you to do that.
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Naphtha news and market information products from ICIS
We offer the following regional Naphtha analysis and news coverage to keep you informed of factors and developments affecting prices in the Naphtha marketplace.
Price Reporting – More information about the price reports we publish on Naphtha
Independent price assessments and market coverage by region
Price History – More information about the historical price data we publish on Naphtha
Track historical price data
News & analysis
News & Analysis - News & market analysis specifically relating to Naphtha
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Naphtha: Market overview
Updated to Q1 2016
In 2016, the European naphtha market boom could continue on the back of low prices, provided gains in the volatile crude markets are capped by oversupply concerns. A two-pronged boost from global petrochemical and gasoline industries pushed naphtha refinery margins ever higher in 2015. The front-month margin came close to $5.00/bbl in the second half of the year after having been in negative territory for years.
US heavy naphtha was at record lows in Q1 2016, with spot prices at their lowest point since 2009. The arbitrage with Asia remained closed and little product was trading domestically. The differential to USG regular unleaded gasoline was in line with historical patterns. Heavy naphtha is expected to remain low as it closely follows crude oil futures, which have plummeted in Q1.
Asia product saw stable demand in Q1 as crackers experienced high operating rates. Downbeat economic data out of China’s stock market further pressured Asia naphtha downward. Around 1.3m tonnes of deep-sea naphtha supply is slated for arrival in Asia in February, traders said.
News & analysis
Naphtha news & analysis
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Naphtha, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.
Naphtha is a light flammable liquid containing a mixture of hydrocarbon molecules typically with between 5 and 10 carbon atoms. It mainly consists of straight chain alkanes (paraffins) but it may also contain cyclohexanes (naphthenes) and aromatics.
Naphtha is produced primarily from the distillation of crude oil and is the intermediate product between the light gases and the heavier kerosene. It can also be a component of natural gas condensates, the liquid hydrocarbons contained in natural gas.
There are a number of different classes of naphtha and similar naphtha types may be called by different names. Light naphtha will normally have a higher content of straight chain paraffins and is sometimes referred to as paraffinic naphtha or straight run gasoline. Heavy naphtha usually contains more naphthalenes and aromatics and may be called N&A naphtha.
In the petrochemical industry, naphtha is an important feedstock for steam crackers in the manufacture of olefins (ethylene, propylene, butadiene) and aromatics (benzene, toluene, xylene). Paraffinic naphthas are preferred for steam crackers but heavier naphthas can also be used.
Light naphtha can also be used in industrial solvents and cleaning fluids. Applications include varnishes and paints, shoe polish, lighter fluid and fuel for portable stoves and lanterns.
Naphtha is also used to make high octane gasoline using a catalytic reforming process. This process converts heavy, low octane naphtha into high octane products.