Naphtha Benchmark Prices Firm on Crude Support and Asian Demand

Feedstock Competitiveness

Despite rising crude costs, naphtha remains the preferred feedstock for crackers focused on propylene and aromatics production. However, the rising price of propane is narrowing the substitution window, keeping naphtha demand robust.

Red Sea Shipping Static

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 in late February.