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 20th Oct 2016

Indian polyester market demand grows 14% in Q2 FY17: RIL

The Indian polyester market witnessed a demand growth of 14 per cent...

Fashion | On 20th Oct 2016

Replay to explore new markets in 2017

Replay, the iconic Germany based denim brand, is planning to get into ...

Textiles | On 20th Oct 2016

Pakistan proposes Rs200 bn for textile sector revival

A bailout package of Rs 200 billion has been proposed by the Pakistan ...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search