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 17th Jan 2017

GST rollout from July 1; states to control small taxpayers

The Centre and states have reached a consensus on the issue of dual...

Textiles | On 17th Jan 2017

Reliance Industries net increases 3.6% in Q3FY17

In the three months ended December 31, 2016, India’s biggest private...

Courtesy: Carnegie Fabrics

Textiles | On 17th Jan 2017

Calera Capital acquires majority stake in Carnegie Fabrics

Private equity firm Calera Capital has bought a majority stake in...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Suresh Patel
Sidwin Fabric

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

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Mike Hoffman
Gildan Activewear SRL

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

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

January 2017

January 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