Naphtha Price Trend

Naphtha Price Trend, Index and Forecast

Track the latest insights on naphtha price trend and forecast with detailed analysis of regional fluctuations and market dynamics across North America, Latin America, Central Europe, Western Europe, Eastern Europe, Middle East, North Africa, West Africa, Central and Southern Africa, Central Asia, Southeast Asia, South Asia, East Asia, and Oceania.

Naphtha Prices Outlook Q2 2025

• USA: US$ 563/MT
• China: US$ 1055/MT
• Japan: US$ 595/MT
• Netherlands: US$ 542/MT
• Saudi Arabia: US$ 545/MT

Naphtha Price Chart

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During the second quarter of 2025, naphtha prices in the USA reached 563 USD/MT in June. In the USA, naphtha prices fluctuate consistently during Q2 2025, driven by lower crude oil benchmarks and reduced demand from petrochemical crackers. Domestic production remained steady, but diminished exports and soft economic activity kept prices under pressure.

During the second quarter of 2025, naphtha prices in China reached 1055 USD/MT in June. China experienced a gradual decline in naphtha prices during Q2 2025, primarily due to sluggish demand from the olefins segment, particularly for ethylene and propylene. High inventory levels and moderate imports from the Middle East contributed to the downward trend in the market.

During the second quarter of 2025, naphtha prices in Japan reached 595 USD/MT in June. In Japan, naphtha prices remained subdued throughout Q2 2025, primarily due to weaker industrial activity and reductions in ethylene cracker operations. The country also faced stiff competition from cheaper imports, which added to the price weakness.

During the second quarter of 2025, naphtha prices in the Netherlands reached 542 USD/MT in June. The Netherlands experienced a moderate decline in naphtha prices during the quarter, driven by reduced throughput at petrochemical facilities and diminished export opportunities. The broader Eurozone slowdown further softened demand.

During the second quarter of 2025, naphtha prices in Saudi Arabia reached 545 USD/MT in June. Naphtha prices in Saudi Arabia declined slightly in Q2 2025, owing to lower export realizations amid weakening Asian demand. While production levels remained high, limited downstream pull and competitive pricing from regional players added to the pressure.

Naphtha Prices Outlook Q4 2023

• USA: US$ 563/MT
• Japan: US$ 650/MT
• Netherlands: US$ 585/MT
• Saudi Arabia: US$ 610/MT

The naphtha prices in the USA for Q4 2023 reached 563 USD/MT in December. In Q4 2023, the USA's naphtha market experienced a bearish trend, driven by falling crude oil prices, which made production more affordable. Despite stable demand, concerns over inflation control contributed to the price decline. The market faced potential transportation challenges due to winter conditions, but supply remained steady throughout the quarter, with no major disruptions.

The price trend for naphtha in Japan for Q4 2023 reached 650 USD/MT. Japan's naphtha market in Q4 2023 saw a slight price increase, primarily due to higher import costs from the West, despite the general decline in global crude oil prices. The market demonstrated a correlation between naphtha and crude oil prices, with seasonal factors also playing a role. The supply remained stable, with no major disruptions reported during the quarter.

In Netherlands, the price trend for naphtha reached 585 USD/MT Q4 2023. The Netherlands' naphtha market in Q4 2023 exhibited a bearish trend, marked by low demand and high supply, particularly from the downstream toluene sector. Despite variations in crude oil prices, the market faced a surplus stocking condition, leading to a decline in prices. Transportation challenges during winter further impacted demand, contributing to the overall bearish market sentiment.

The price of naphtha in Saudi Arabia reached 610 USD/MT during the fourth quarter of 2023. Saudi Arabia's naphtha market in Q4 2023 experienced a bullish trend, driven by OPEC+ production cuts to increase crude oil prices. This led to reduced naphtha supply and increased market activity. Despite stable supply conditions, the market saw a significant price increase, reflecting moderate demand from the downstream petrochemical industry and expectations of higher crude oil prices.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the naphtha prices.

Global Naphtha Price Trend

The report offers a holistic view of the global naphtha pricing trends in the form of naphtha price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of naphtha, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed naphtha demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Naphtha Price Trend

Q2 2025:

In Europe, naphtha prices showed fluctuations during Q2 2025 due to reduced industrial activity, particularly in the petrochemical and plastics sectors. Additionally, lower demand from export destinations and macroeconomic concerns in the Eurozone further pressured naphtha prices.

Q4 2023:

The naphtha market in Europe during Q4 2023 was marked by a bearish trend, primarily driven by high supply levels and low demand from downstream industries. Despite fluctuations in crude oil prices, the market saw an overall surplus of naphtha, coinciding with reduced demand, particularly from the toluene sector. The bearish sentiment was further compounded by transportation challenges, particularly during winter, which hindered exports and impacted overall demand. The price trend remained downward, reflecting a significant decrease compared to the previous quarter. The market's bearish outlook was shaped by a combination of abundant supply, weak demand, and external factors like crude oil price fluctuations and transportation disruptions.

This analysis can be extended to include detailed naphtha price information for a comprehensive list of countries.

North America Naphtha Price Trend

Q2 2025:

North American naphtha prices declined steadily throughout Q2 2025, in line with lower crude oil benchmarks and a decrease in demand for petrochemical feedstocks. Refineries operated at steady rates, but weaker exports to Asia and softening domestic consumption contributed to the bearish tone.

Q4 2023:

In Q4 2023, the naphtha market in the North America region faced a downward trend, influenced by several factors. The decline in crude oil prices worldwide made naphtha production more cost-effective, as the essential feedstock became cheaper. Despite stable demand for the product throughout the quarter, concerns about the Federal Reserve's capability to manage inflation contributed to a decrease in oil prices. The USA, in particular, experienced notable price fluctuations, with a significant drop compared to the same period the year before. Although supply remained steady, potential transportation challenges due to winter weather conditions posed risks. The quarter concluded without any reported plant shutdowns.

Specific naphtha historical data within the United States and Canada can also be provided.

Middle East and Africa Naphtha Price Trend

Q2 2025:

In the Middle East and Africa region, naphtha prices fell moderately during Q2 2025. This was attributed to lower export demand from Asian markets and stable regional refinery output. Despite firm crude oil production in the region, inventory build-up and weak downstream margins led to subdued pricing trends.

Q4 2023:

In Q4 2023, the naphtha market in the Middle East and Africa region saw a steady upward trend owing to OPEC+ production cuts. These cuts led to a decreased supply of naphtha, which, contributed to a bullish market sentiment. In Saudi Arabia, this bullishness was reflected in active trading and purchasing activities, despite the market's overall stability in terms of supply. The region saw a significant increase in naphtha prices compared to the previous year, driven by expectations of higher upstream crude oil prices and stable demand. The quarter ended without any reported plant shutdowns.

In addition to region-wise data, information on naphtha prices for countries can also be provided.

Asia Pacific Naphtha Price Trend

Q2 2025:

Naphtha prices in the APAC region experienced slight fluctuations during Q2 2025, primarily due to weakened demand from downstream petrochemical units, particularly in China and South Korea. Additionally, ample regional supply and lower crude oil prices put downward pressure on naphtha prices. The overall sentiment remained bearish amid cautious buying by end-users.

Q4 2023:

The Asia Pacific naphtha market in Q4 2023 exhibited a mix of trends across different countries. Despite a general decline in crude oil prices, Japan saw an uptick in naphtha prices, driven by higher import costs from the West. Meanwhile, India benefited from improved supply conditions as feedstock costs dropped, leading to a more stable market. In China, naphtha prices experienced only a slight decrease, as the region's supply was bolstered by increased OPEC exports, alleviating some of the supply constraints caused by geopolitical tensions in the region. The Japanese market, however, showed a correlation between naphtha and crude oil prices, with seasonal factors also playing a role.

This naphtha price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Naphtha Price Trend

Q2 2025:

Latin America's naphtha market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in naphtha prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, naphtha index, economic fluctuations, and currency devaluation are critical factors that need to be considered when analyzing naphtha pricing trends in this region.

Q4 2023:

In Latin America, the naphtha market in Q4 2023 witnessed a consistent upward trend, particularly in Brazil, where prices were notably influenced by expensive imports. Despite the general increase in prices, the latter part of the quarter saw challenges, such as reduced demand and declining exports, which led to decreased factory production and a reduction in new orders. This downturn in purchasing activity and downsizing of inventories reflected the broader economic struggles in the region. However, there were positive signs of potential market recovery, as companies considered expanding their workforce.

This comprehensive review can be extended to include specific countries within the region.

Naphtha Price Trend, Market Analysis, and News

IMARC's latest publication, “Naphtha Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the naphtha market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of naphtha at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed naphtha price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting naphtha pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Naphtha Market Analysis

The global naphtha market size reached US$ 175.55 Billion in 2024. By 2033, IMARC Group expects the market to reach US$ 227.06 Billion, at a projected CAGR of 2.76% during 2025-2033.

• The increasing demand for naphtha in petrochemical and refining industries for the production of various chemical products, including plastics and synthetic fibers, is fueling the market.
• The rising adoption of naphtha as a feedstock in the automotive sector for the production of gasoline and other fuels is driving market growth.
• The growing awareness of environmental sustainability is fueling the demand for eco-friendly naphtha products with reduced volatile organic compounds (VOCs).
• Continual advancements in naphtha production technologies and exploration activities for new naphtha sources are expected to further propel market expansion.
• The ongoing development of new naphtha-based products and formulations, tailored to meet specific industry needs and regulatory requirements, fosters innovation and market expansion.
• The favorable government policies and initiatives aimed at promoting domestic naphtha production, enhancing energy security, and fostering industrial growth play a crucial role in driving market development.
• The growing use of naphtha in the production of agricultural chemicals, fertilizers, and pharmaceuticals underscores its versatility and market significance.
• The expanding application of naphtha in the energy sector for power generation and as a fuel source for industrial furnaces and boilers contributes to market growth.
• The rising consumption of naphtha as a blending component in gasoline production, particularly in regions with stringent fuel quality standards, further drives market demand.
• The increasing adoption of naphtha as a solvent in the manufacturing and processing of consumer goods, such as paints, coatings, and adhesives, drives market growth.
• The rising trend of using lightweight materials in automotive and aerospace industries, where naphtha-based plastics and composites are widely used, boosts market demand.
• Rapid globalization of trade and the expansion of logistics networks facilitate the distribution and trade of naphtha across regions, supporting market growth.
• The growing emergence of new application areas for naphtha, such as in the production of renewable fuels and bio-based chemicals, presents opportunities for market expansion and diversification.
• The ongoing development of innovative naphtha-based technologies, such as steam cracking and catalytic reforming, enhances the efficiency and cost-effectiveness of naphtha processing, further driving market growth.

Naphtha News

The report covers the latest developments, updates, and trends impacting the global naphtha market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in naphtha production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the naphtha price trend.

Latest developments in the naphtha industry:

• In 2021, LG Chem has focused on environmental aspects by its latest ‘Sustainable Management Report,’ illustrated along with storytelling based on Carbon reduction, Circularity, and People. The report also includes plans for environmental-friendly products such as ecotrees and cetus, and roadmaps on how we will achieve our carbon-neutral growth by 2050, one of the strategies will be converting the NCC Plant's decomposition furnace to an electrolytic furnace and investing in carbon capture and utilization technologies.
• In 2024, Phillips 66 (NYSE: (PSX) achieved a key milestone in its conversion of the San Francisco refinery into the Rodeo Renewable Energy Complex, increasing production of renewable diesel to 30,000 barrels per day. The plant will be designed to increase production to over 0.8 billion gallons per year (50,000 BPD) by the end of the second quarter, so Phillips 66 can be a leader in renewable fuels.
• In March 2020, ExxonMobil, Georgia Tech and Imperial College London cooperate in producing research in Science of a novel membrane technology that breaks away Naphtha and kerosene molecules from light crude oil, thus emitting less chemicals and using less energy. ExxonMobil has had $10 billion toward lower-emission energy solutions since 2000 and is working with over 80 universities around the world.

Product Description

Naphtha is a sort of multi-functional hydrocarbon liquid that is used as a key feedstock in the chemical and refining industries. It is usually derived from crude oil refining process by using the fractional distillation method. This process is carried out by boiling the crude oil into different components based on their boiling points, with naphtha being one of the lighter fractions.

The function of naphtha is to act as the basic unit in the manufacture of many vital products such as plastics, drugs, fertilizers, and synthetic fabrics. In various sectors, its flexibility and availability make it an essential resource for industries across the world, creating economic prosperity and technological progress. Moreover, the advantages of naphtha go beyond manufacturing processes, as the efficient use of it results in the reduction of emissions and finally higher energy efficiency, which is in line with sustainable development goals.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of naphtha pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting naphtha price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The naphtha price charts ensure our clients remain at the forefront of the industry.