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Naphtha Benchmark Prices Firm on Crude Spike and Resilient Asian Demand

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Published: February 23, 2026

Feedstock Dynamics

As propane prices drop, naphtha is facing competition as a cracker feedstock. However, for crackers focused on aromatics production, naphtha remains the essential input, keeping prompt demand robust.

Shipping Risks

Logistical delays for European naphtha moving to Asia continue to provide a floor for regional prices. Any further escalation in shipping risks will likely push premiums higher.