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.
That means you can track fluctuations and developments as they happen and gain a clear understanding of the factors driving prices.
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
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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 naphtha prices tumbled over the quarter, as the region was awash with voluminous deep-sea supply.
Open-spec naphtha prices fell to $937.50-939.50/tonne CFR (cost & freight) Japan during the week ended 19 March, down 3.8% from the price levels of $974.50-976.50/tonne CFR Japan during the week ended 8 January, according to ICIS data.
For March, Asia received 1.6m-1.7m tonnes of arbitrage naphtha supply. Such imports typically hail from northwest Europe, the Mediterranean, Russia and the US.
In February, deep-sea naphtha imports into Asia stood at an estimated 1.7m tonnes, according to traders. Asia was earlier estimated to receive 1.8m-2.1m tonnes of deep-sea naphtha imports from January to the first half of February, they added. Wintry weather had caused delays in arbitrage shipments from the West.
Gasoline blending demand was poor in Europe during winter, sparking an armada of arbitrage outflows to the east of Suez.
Moreover, a hefty slate of cracker turnarounds, which kicked off in February, undermined demand in the region, placing a downward pressure on prices.
Based on an ICIS survey, Taiwan's CPC Corp took its Linyuan-based 720,000 tonne/year cracker unit off line from 10 February. The shutdown will last 65-70 days. Japan's Asahi Kasei shut its Mizushima-based 500,000 tonne/year cracker from 19 February to mid-April.
Meanwhile, Showa Denko in Japan shut its 690,000 tonne/year cracker in Oita from 13 March to 25 April and Tosoh's 527,000 tonne/year cracker in Yokkaichi, Japan, is undergoing maintenance from 14 March to 20 April.
Thailand's PTT Global Chemical shut its 460,000 tonne/year cracker in Map Ta Phut from 9 February, with the maintenance expected to last 40 days.
In China, Shanghai SECCO Petrochemical took its 1.2m tonne/year cracker in Jinshan off line since 10 March for a turnaround period of 45-50 days.
The cracker maintenance was heavier than that of last year, a contributing factor for subdued demand and lower spot premiums transacted in the naphtha sales.
Updated to Q1 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.