Refined Products, Naphtha
April 30, 2025
Platts corrects April 30 C+F Japan naphtha derivatives, crack spreads
Please note that the Platts C+F Japan Naphtha swap values and the crack spreads against Brent and Dubai crude oil swaps for the April 30, 2025, assessments should read as follows:
| Naphtha Japan USD/BBL | ||||
| Code | Low | High | Close | |
| M01 May 25 | AAXFE00 | 556.480 | 556.520 | 556.500 |
| M02 Jun 25 | AAXFF00 | 547.730 | 547.770 | 547.750 |
| M03 Jul 25 | AAXFG00 | 540.980 | 541.020 | 541.000 |
| M04 Aug 25 | DAXFH00 | 536.480 | 536.520 | 536.500 |
| M05 Sep 25 | DAXFI00 | 533.480 | 533.520 | 533.500 |
| M06 Oct 25 | DAXFJ00 | 531.230 | 531.270 | 531.250 |
| M07 Nov 25 | DAXFK00 | 529.730 | 529.770 | 529.750 |
| M08 Dec 25 | DAXFL00 | 528.230 | 528.270 | 528.250 |
| M09 Jan 26 | DAXFM00 | 526.230 | 526.270 | 526.250 |
| M10 Feb 26 | DAXFN00 | 524.480 | 524.520 | 524.500 |
| M11 Mar 26 | DAXFO00 | 522.480 | 522.520 | 522.500 |
| M12 Apr 26 | DAXFP00 | 520.230 | 520.270 | 520.250 |
| Qr01 Q3-25 | DAXGP00 | 536.980 | 537.020 | 537.000 |
| Qr02 Q4-25 | DAXHP00 | 529.730 | 529.770 | 529.750 |
| Qr03 Q1-26 | DAXIP00 | 524.400 | 524.440 | 524.420 |
| Dubai Crack USD/BBL | ||||
| Code | Low | High | Close | |
| M01 May 25 | AAVUD00 | -0.59 | -0.55 | -0.570 |
| M02 Jun 25 | AAVUE00 | -1.01 | -0.97 | -0.990 |
| M03 Jul 25 | AAVUF00 | -1.53 | -1.49 | -1.510 |
| M04 Aug 25 | DAXFZ00 | -1.970 | -1.930 | -1.950 |
| M05 Sep 25 | DAXGA00 | -2.290 | -2.250 | -2.270 |
| M06 Oct 25 | DAXGB00 | -2.550 | -2.510 | -2.530 |
| M07 Nov 25 | DAXGC00 | -2.750 | -2.710 | -2.730 |
| M08 Dec 25 | DAXGD00 | -2.960 | -2.920 | -2.940 |
| M09 Jan 26 | DAXGE00 | -3.270 | -3.230 | -3.250 |
| M10 Feb 26 | DAXGF00 | -3.610 | -3.570 | -3.590 |
| M11 Mar 26 | DAXGG00 | -3.980 | -3.940 | -3.960 |
| M12 Apr 26 | DAXGH00 | -4.370 | -4.330 | -4.350 |
| Brent Crack USD/BBL | ||||
| Code | Low | High | Close | |
| M01 May 25 | AAVUA00 | -0.36 | -0.32 | -0.340 |
| M02 Jun 25 | AAVUB00 | -0.99 | -0.95 | -0.970 |
| M03 Jul 25 | AAVUC00 | -1.56 | -1.52 | -1.540 |
| M04 Aug 25 | DAXFQ00 | -2.010 | -1.970 | -1.990 |
| M05 Sep 25 | DAXFR00 | -2.350 | -2.310 | -2.330 |
| M06 Oct 25 | DAXFS00 | -2.640 | -2.600 | -2.620 |
| M07 Nov 25 | DAXFT00 | -2.870 | -2.830 | -2.850 |
| M08 Dec 25 | DAXFU00 | -3.130 | -3.090 | -3.110 |
| M09 Jan 26 | DAXFV00 | -3.480 | -3.440 | -3.460 |
| M10 Feb 26 | DAXFW00 | -3.800 | -3.760 | -3.780 |
| M11 Mar 26 | DAXFX00 | -4.180 | -4.140 | -4.160 |
| M12 Apr 26 | DAXFY00 | -4.580 | -4.540 | -4.560 |
Reason: Cascade correction in C+F Japan naphtha front-month swap assessments
Platts is part of S&P Global Commodity Insights.
These assessments appear in the Platts Asia Pacific/Arab Gulf Marketscan, on the Platts Global Alert page: MH2650