Home / Knowledge / News / Textiles / Asian naphtha market moves to stronger positions
Asian naphtha market moves to stronger positions
Dec '09
Asian naphtha moved to stronger positions on Wednesday, market picture remained strong, spread between spot market and futures enlarged, as the two markets moved in reverse directions with support from strong local demand.

Mitsui Chemicals has shown intention to purchase 25,000 tons of cargo for arrivals in January delivery in Osaka, but has still not been able to close the deal.

According to sources, the Bharat Petroleum plant in Kochi in India sold spot naphtha cargo at a higher price than those prevailing in the markets. Strong demand in Northeast Asia is supporting the recent surge in naphtha market.

India's Bharat Petroleum sold out 27,000 tons of low aromatics naphtha cargo to Itochu Corporation to be loaded by December 10-12 at Kochi, with a premium of about US $34 per ton over offers from the Middle East.

Bharat Petroleum plans to export two batches of low aromatics naphtha cargo from Kochi and two batches of same grade naphtha cargo from Mumbai in December. In addition, the company also sold through tender 25,000 tons of high aromatics naphtha cargo from Mumbai to be loaded by December 20-24.

According to the data from Japanese Petroleum Institute, as of November 28, Japan's weekly output of kerosene and kerosene stocks were essentially flat with the previous week. For the same week, naphtha inventories declined slightly, despite naphtha production increasing by 37 percent.

Aviation kerosene production also rebounded. Average refinery utilization rate in Japan jumped 80.1 percent, while in the previous week it was 75.8 percent.

In spot market, Shell sold to Victor a cargo of naphtha at $750 per ton, shipment to be made in the second half of January and also contracted with Glencore at $741 per ton for shipment in the second half of February.

Naphtha Japanese Benchmark price for cargoes to be delivered in the second half of January rose by $8.50 to $751 per ton, spread between the second half of January and the first half of February was $7 per ton and the spread between the second half of January and the second half of February was $12 per ton.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search