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.
Updated to Q3 2018
Rising deep-sea western arbitrage flows to Asia generated downward pressure on the naphtha market, particularly in the later part of the third quarter. This was reflected in spot cargo purchases done at discounts compared to premiums before. Naphtha’s forward market structure flipped from a backwardation to a contango, with prompt month prices lower than forward months. A contango market typically reflects bearish market fundamentals.
Steady end-user naphtha demand in northeast Asia for petrochemicals production helped to cushion the market, stemming the downward price momentum in the later part of the third quarter. Asia’s naphtha market structure moved into a contango briefly around mid-September before recovering to a backwardation, although less bullish sentiment than before. Naphtha’s crack spread to prompt-month crude futures stayed at below $100/tonne towards the end of the third quarter, reflecting the softer market.
We offer the following regional Naphtha analysis and news coverage to keep you informed of factors and developments affecting prices in the Asia Naphtha marketplace.
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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.
Commentary shows the latest market movement and weekly prices, it is a very fast moving market with lots of factors influencing supply and demand and therefore the price.
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.
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