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The naphtha complex continued to weaken into this week....
Published: August 3, 2026
Written by:
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
and
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
17 page report
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The naphtha complex continued to weaken into this week. The Sep’26 NWE naphtha crack climbed to a high of -$1.68/bbl on 30 Jul, where it met resistance and fell to -$2.97/bbl on 31 Jul. Prices sit at -$2.85/bbl at the time of writing on 03 Aug. Net positioning initially became less short from -733kb on 22 Jul to -120kb on 29 Jul, but trade houses reverted to adding to their shorts...

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Written by

Vincent Wu

Research Associate, Flux
Vincent Wu

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi

About 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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