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How low will the East go?

The Bollinger bands pinched last week in the M1 NWE naphtha crack and are widening again, typically a signal of a price breakout.....
Published: April 20, 2026
Written by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
17 page report
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The naphtha swaps complex eased in the second half of last week, with the weakness led by the East. The M1 naphtha East/West accordingly dropped from a high of $65/mt on 13 Apr to $43/mt at the time of writing on 20 Apr...

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