Naphtha (CnH2n(n=5~8)) comprising various paraffin, olefins (in distinct ratios), naphthene constituents and aromatics is the one mix of hydrocarbons. Also referred to as untreated petroleum distillate, it is produced by refining crude oil or natural gas.
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It is a highly combustible and volatile mix that appears to be colourless and has an odour similar to gasoline. It does not have solubility in water and is less dense than it. Its respective boiling and flash point are 110-190 °C and −57 °F. It has a density of 0.76 g/ml.
Key Details About the Naphtha Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Naphtha price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Naphtha Price Trend, including India Naphtha price, USA Naphtha price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
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Industrial Uses Impacting Naphtha Price Trend:
Naphtha is a key raw material used to make high-octane gasoline components via a catalytic reforming process. In the petrochemical industry, it finds application in the production of olefins in steam crackers and in the chemical industry solvent cleaner, which drives market growth. Furthermore, it serves like a feedstock for making ethylene and its co-products, like butylene, propylene, and butadiene, out of which ethylene and propylene are used in making plastics such as polyethene and polypropylene. In addition to these uses, it also has use in the production of medical and other everyday products, including shoe polish additives, among others that expand its demand across many industries.
Key Players:
China Petrochemical Corporation
Reliance Industries Limited
Shell Chemicals
Exxon Mobil Corporation
Indian Oil Corporation Limited
Novatek
SABIC
News & Recent Development
27 April 2023- In March, naphtha exports from India dipped compared to the previous three years. The exports increased in March to 146,700 b/d but lowered to 227,100 b/d as naphtha was used for the gasoline blending pool in order to fulfil domestic demand.
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