Our team of skilled analysts, by utilising the depth and breadth of Flux's proprietary data, position ourselves at the cutting edge of market analysis. This unique vantage point grants us an unparalleled perspective in the market, enabling us to identify emerging trends and lucrative opportunities.
Naphtha witnessed a fortnight of two halves – we initially saw sentiment crack amid a decline in petchem buying. However, the complex strengthened over the past week, with the August MOPJ crack surpassing the -$5.50/bbl mark on 16 July.
However, we see rising concerns about oversaturation across the prompt tenors. For instance, the M1 MOPJ flat price contract is now only 8% shy of its 5-year maximum.
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Our team of skilled analysts, by utilising the depth and breadth of Flux's proprietary data, position ourselves at the cutting edge of market analysis. This unique vantage point grants us an unparalleled perspective in the market, enabling us to identify emerging trends and lucrative opportunities.
