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Naphtha Prices Soften on Ample Supply and LPG Competition

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Published: January 29, 2026

Supply Flows

Arriving cargoes from the Mediterranean and Black Sea are adding to the supply overhang in Asia. Buyers are well-covered for February.

Price Ceiling

The abundance of alternative feedstocks is creating a hard ceiling for naphtha prices, preventing them from rallying with the broader energy complex.