Naphtha Prices – Historical Graph
Real-time chart of historical daily naphtha prices. The prices are down in U.S. dollars per T.
- The average price in the past 3 days is
- The average price in the past 7 days is
- The average price in the past 30 days is
- The average price in the past 365 days is
Popular questions about naphtha prices:
Naphtha Prices Explained
As you can see naphtha prices are fluctuating. But why is that? And is there a way to predict the price of naphtha?
Why are naphtha prices fluctuating?
Naphtha prices solely depend on crude oil as it comes from refining crude oil. However, some determining factors hold naphtha price variations in the market.
1. Crude Oil Prices
Since naphtha is produced from crude oil, its price reflects the supply, demand, and market value of crude oil.
2. Gasoline Prices
Naphtha is a base material for high-grade gasoline production. Thus, an increase or decrease in gasoline demand, supply, and prices directly impacts naphtha market value.
3. Seasonal Demand
As an active ingredient in making gasoline, naphtha prices also cause a distinguishable price hike in summer as demand for gasoline goes high since people tend to go out and drive for travel, vacation, and outdoor activities.
4. Middle East Political Unrest
Political instability, conflicts, and war from one of the top crude oil producers in the world affect global naphtha production, supply, and prices.
5. Increasing Demand from Other Industries
Naphtha is one key feedstock in making products such as plastics, solvents, rubber, paint, ammonia, methanol, and asphalt production.
Thus, the increasing demand for chemical products such as these from other industries prompts naphtha price fluctuation in the market.
Which variables impact the price of naphtha?
- Supply and Demand
- Crude Oil Prices
- Gasoline Prices
- Geopolitical Events
- Currency Exchange Rates
- Environmental Regulations
Where does naphtha come from?
Naptha comes from the fractional distillation of crude oil. The process involves heating crude oil in a distillation tower to separate gasoline, butane, and propane. The end product is a highly-flammable liquid hydrocarbon mixture.
Additionally, naphtha can be produced from natural gas known as NGL ( natural gas liquid ) extraction. The processing of natural gas causes NGL’s separation into individual products such as naphtha.
Today, this multi-functional product comes from the top producers in the world such as the United States, Saudi Arabia, South Korea, Japan, China, and Russia.
What is the future price of naphtha?
The demand for naphtha is steadily increasing due to the industrial sector’s expansion mainly the automotive industry, major oil corporations, construction, chemical plants, and agri-technology.
While sustainable programs control their massive production for environmental health guidelines, the rising population which is the main price driver of all commodities will push its product demand even higher.
The Global Naphtha Market projected $117.91 billion in naphtha tons production. A sharp increase of 6.34% from its current price estimates resulted in a $3949 market price by 2030.