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Naphtha finds its footing

Global naphtha markets rebound despite a softer start to the week, despite selling in the East...
Published: May 11, 2026
Written by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
and
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong
17 page report
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The naphtha complex began the week softer, before finding better strength mid-week. In Europe, the M1 NWE naphtha crack initially fell from -$1.45/bbl on 04 May to a low of -$5.00/bbl on 06 May, before reversing to -$1.95/bbl at 16:30 BST on 11 May. After briefly reverting below 2025 levels, prices have now regained their seasonal highs....

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