NAPHTHA REPORT
Get a mix of market commentary, flow-based analysis, and prompt insights in this premium weekly report about naphtha markets.
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Latest
E/W strength on freight, propane strength and geopolitical worries in the Middle East
17 page report
Public Holiday Bears
Naphtha cracks weaken, while E/W and gasnaph find support; profit-taking and freight remain key.
17 page report
Bears Back to Work
NWE naphtha crack weakens in downtrend; funds and refiners add longs, but curve spreads still pressured.
17 page report
Simply Stable
Naphtha cracks find stability; East/West narrows; growing risk appetite in Mar'26 contracts
17 page report
Brent Giveth, Brent Taketh Away
Naphtha swaps swung with Brent and geopolitics; crude selloff may reverse flows as risk premium fades, opening shorting opportunities
17 page report
The East Leads the Naphtha Complex
Naphtha traded sideways amid mixed flows and geopolitics. East outperformed West, OI remains crowded, momentum fading with weak trends
17 page report
Naphtha Plays Within Bounds
Naphtha cracks weakened but found support; E/W stabilised, gasnaph rangebound. OI rose in NWE, fell in MOPJ, pointing to consolidation
17 page report
Naphtha Report: Naphtha Seesaw
The naphtha swaps markets saw a volatile week as cracks see-sawed.
17 page report
New Year, Same Flow
Naphtha cracks slid into 2026 as East and West spreads fell, with Venezuelan upside capped by ample stocks and crude glut fears.
14 page report