Naphtha Prices, markets & analysis
ICIS price reporting for regional Naphtha markets is unparalleled in its ability to keep you on top of the information you need.
Our network of price reporters delivers direct and regular insights into the local markets they work in.
Use ICIS information to:
- Inform your internal data models
- Substantiate your position in negotiations
- Set terms for settlements and contracts
Naphtha Asia Transcript
The ICIS Asian naphtha report is published once a week. It provides market movement information, capturing deals and prices in an opaque energy market. Trading is speculative because of the intrinsic relationship between naphtha and global oil futures.
In Singapore, also the Asian oil hub, a lot of trades are often done in secrecy, but thanks our extensive and close-knit contacts with the community, producers, traders, brokers and end users, we often break news on the market and move prices such as the crack-spreads, backwardation or contango.
The report also captures Middle East exports to Asia and arbitrage patterns which are key to naphtha market players in Europe because the world exports a huge volume to Asia.
It also analyses the impacts of cracker shutdowns, both planned and unplanned. It gives context to the market player on how to make informed decisions. It is an essential report which is widely red by everyone across the energy industry.
Naphtha news and market information products from ICIS
We offer the following regional Naphtha coverage to keep you informed of factors and developments affecting prices in the Asia Naphtha marketplace.
Price Reporting – More information about the price reports we publish on Naphtha
Independent price assessments and market coverage
Price History – More information about the historical price data we publish on Gas
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.
Asia’s open-spec naphtha prices slumped to $838-840/tonne CFR (cost & freight) Japan during the week ended 26 September, compared with $982.75-984.75/tonne CFR Japan in the week ended 4 July. Prices plunged to the lowest level since early May 2013, with the contango sinking in reflection of the market’s bearishness.
While demand remained stable, the supply was overwhelming amid an influx of deep-sea inflows, rising Middle Eastern and Indian exports. Supply was essentially outpacing the buyers’ requirements.
September-loading naphtha exports from India were estimated to be 500,000 tonnes. Indian refiners are expected to export 650,000-700,000 tonnes of naphtha for loading in October, according to traders.
Asia will also receive 1.6m-1.7m tonnes of deep-sea naphtha supply from the western markets in October, traders said. The volume – hailing from western Europe, Russia and the US – is too much for Asia to absorb, with cargoes rolling from October arrivals to delivery in November instead, they added.
Around 0.5m tonnes of naphtha arbitrage bookings have been done for November arrival so far, the traders said. For September, Asia received some 2.0m tonnes of deep-sea naphtha inflows.
Updated to Q3 2014
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Naphtha.
We offer unbiased and independent price reporting, with our price assessments being widely quoted as benchmarks in contracts.
Our information is collected from market participants by our global network of reporters, delivering unrivalled coverage of established and emerging markets, including China and Asia.
ICIS price assessments are based on information gathered from a wide cross section of the market, comprising consumers, producers, traders and distributors. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Naphtha. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enable you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
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.