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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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Bullish Blender

Naphtha rally continues on blending demand and geopolitical risk; fund buying in Q4'26 NWE cracks
17 page report
13 July 2026

Blenders Gotta Blend

Naphtha cracks firm, but trade houses sell E/W heavily; bearish engulfing points to downside in the East/West spread.
17 page report
6 July 2026

(NWE) Naphtha Rising

Naphtha stayed firm on European supply tightness, while Asia lagged; technicals suggest bullish momentum is fading
17 page report
29 June 2026

Can The Bulls Hang On?

Naphtha cracks reversed lower after midweek gains; trends remain bearish but weakening, with consolidation expected.
17 page report
22 June 2026

Naphtha catches a break

The overall market split in flows in the NWE crack vs Onyx highlights a still-short market, suggesting further room for profit-taking....
17 page report
15 June 2026

Weakness in the East?

Exchange-traded open interest has eased in the Jul'26 naphtha E/W, alongside a drop in net long positioning...
17 page report
8 June 2026

Naphtha Cracks Under Pressure

Naphtha weak: cracks lower, bearish positioning, spreads/flows pressured; oversold hints short-term bounce risk
17 page report
1 June 2026

From Top-J to Drop-J

Naphtha market sees a week of two halves; thinner market due to PFA; cross-product driven liquidity
17 page report
18 May 2026

Naphtha finds its footing

Global naphtha markets rebound despite a softer start to the week, despite selling in the East...
17 page report
11 May 2026

Uptrend in Lightends

Strength has returned to naphtha this week, with both M1 cracks reversing losses from the week prior.
17 page report
27 April 2026

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.....
17 page report
20 April 2026

Value in Volatility…?

Naphtha strong but rangebound; Asia lighter slate, geopolitics hit positioning; E/W volatile
17 page report
13 April 2026

Hungry for Naphtha

Naphtha tight on Hormuz closure; cracks firm, E/W volatile, gasnaph down, pronap weaker, OI up, momentum mixed across spreads
17 page report
30 March 2026