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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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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

Pendulum Swings

The closure of the Strait of Hormuz and disruption of feedstock flows have compounded supply tightness concerns in the Asian petrochemical..
17 page report
23 March 2026

Petchem Paralysis

The Apr’26 NWE naphtha crack dropped to a low of -$5.00/bbl on 10 Mar, likely driven by profit taking on news of force majeures declared....
17 page report
16 March 2026

Use the Force Majeure

Hormuz closure spikes naphtha cracks, but Asian petrochemical shutdowns curb demand. Expect volatile NWE strength, softer Asia prices
17 page report
9 March 2026

The Best of the East/West…?

E/W strength on freight, propane strength and geopolitical worries in the Middle East
17 page report
2 March 2026

Public Holiday Bears

Naphtha cracks weaken, while E/W and gasnaph find support; profit-taking and freight remain key.
17 page report
23 February 2026

Bears Back to Work

NWE naphtha crack weakens in downtrend; funds and refiners add longs, but curve spreads still pressured.
17 page report
16 February 2026