Naphtha Prices Drop for 2025 Contracts Due to Weak Demand and Oversupply
Naphtha prices for 2025 contracts have dropped slightly due to weak demand in the petrochemical industry and a supply glut. Several Asian companies, including South Korea’s YNCC, Singapore’s PCS, and Taiwan’s Formosa Petrochemical, have signed contracts for naphtha at lower premiums compared to 2024 prices. This marks a shift in the market as companies are […]
Russia’s Novatek to Raise Naphtha Exports to 600,000 Tons Monthly
Russian energy company Novatek is expected to boost its naphtha exports from the Ust-Luga complex on the Baltic Sea to up to 600,000 tons per month. This increase follows recent maintenance and the addition of a new processing unit, according to industry sources. Operations at Ust-Luga’s three condensate fractionation units were increased in early November, […]
