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Naphtha Prices Soften on Feedstock Competition

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Published: January 27, 2026

Feedstock Switching

Flexible crackers in Asia continue to utilize a high percentage of LPG in their feed slate to minimize costs. This structural substitution is limiting naphtha demand.

Supply Availability

Ample supply from Middle Eastern refineries is keeping the market well-stocked. Spot cargoes are readily available, preventing any tightness.