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
Naphtha rally continues on blending demand and geopolitical risk; fund buying in Q4'26 NWE cracks
17 page report
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
(NWE) Naphtha Rising
Naphtha stayed firm on European supply tightness, while Asia lagged; technicals suggest bullish momentum is fading
17 page report
Can The Bulls Hang On?
Naphtha cracks reversed lower after midweek gains; trends remain bearish but weakening, with consolidation expected.
17 page report
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
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
Naphtha Cracks Under Pressure
Naphtha weak: cracks lower, bearish positioning, spreads/flows pressured; oversold hints short-term bounce risk
17 page report
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
Naphtha finds its footing
Global naphtha markets rebound despite a softer start to the week, despite selling in the East...
17 page report
Uptrend in Lightends
Strength has returned to naphtha this week, with both M1 cracks reversing losses from the week prior.
17 page report
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
Value in Volatility…?
Naphtha strong but rangebound; Asia lighter slate, geopolitics hit positioning; E/W volatile
17 page report
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