Naphtha Benchmark Prices Edge higher on Strong Asian Cracker Demand

Chinese Buying Support

Naphtha prices saw an increase supported by strong buying interest from China. This indicates that despite broader energy oversupply, localized demand for specific aromatics feedstocks is tightening the spot market.

Refining Surplus Dynamics

As global gasoline demand slows, the byproduct supply of naphtha remains an inventory burden. This structural surplus is expected to keep prices near the bottom of their 2026 range long-term.