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Naphtha Prices Firm on Crude Rally and Petrochemical Demand

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Published: February 10, 2026

Crude Correlation

With Brent crude nearing $69, naphtha values were pulled higher. The refining margin for naphtha remains stable as feedstock costs rise in tandem with product prices.

LPG Substitution

Rising propane prices relative to naphtha have reduced the incentive for feedstock switching, keeping naphtha demand robust in the flexible cracker pool.