Naphtha futures extended losses below $750 per tonne, after hitting a 7-year high of $773.83 per tonne on November 1st, as traders digested a coordinated oil reserve release by the US and other major oil consuming nations. President Biden announced that the US will tap into the Strategic Petroleum Reserves to release up to 50 million barrels of oil (MMbbl), but having in mind that 18 MMbbl amount to previously planned sales already authorized by the US Congress and 32 MMbbl will be available to borrow over the coming months, the move came short of expectations. Also, contributions from other nations to the joint effort were smaller than many had anticipated. Still, a positive demand outlook ahead of the winter season and tight global supply continue to support the naphtha market. .

Historically, Naphtha reached an all time high of 1180.47 in July of 2008. Naphtha - data, forecasts, historical chart - was last updated on November of 2021.

Naphtha is expected to trade at 729.83 USD/T by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 694.06 in 12 months time.

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Naphtha


Price Day Month Year
Crude Oil 68.15 -9.9300 -12.72% -16.36% 49.68%
Brent 72.89 -9.3300 -11.35% -13.09% 51.29%
Natural gas 5.47 0.3980 7.85% -11.75% 92.40%
Gasoline 2.03 -0.0048 -0.21% -17.02% 58.56%
Heating Oil 2.09 -0.2717 -11.48% -16.71% 51.72%
Ethanol 2.21 0 0% 0% 61.09%
Naphtha 731.71 -10.44 -1.41% -4.54% 97.21%
Propane 1.27 -0.0004 -0.03% -11.98% 133.22%
Uranium 47.40 -0.6500 -1.35% -3.07% 62.33%
Methanol 2,699.00 -37.00 -1.35% -8.82% 22.85%


Naphtha
Naphtha is a flammable liquid that can be used as fuel, metal cleaner, high-octane gas and as petrochemical in production of plastics. Naphtha prices are highly correlated with crude oil as it is generally produced during the refining of crude oil. Each contract represents 1,000 metric tons. The Naphtha prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.