Price Assessment

Fujairah - Naphtha

  • Naphtha FOB Fujairah Cargo Assessment
  • How Naphtha FOB Fujairah Cargo is Assessed?

Naphtha FOB Fujairah Cargo Assessment


On September 1, 2020, S&P Global Commodity Insights launched a new FOB Fujairah naphtha assessment and monthly average FOB Fujairah naphtha assessment, as well as a daily naphtha Arab Gulf strip and a monthly average naphtha Arab Gulf strip. The new outright assessment reflects cargo sizes of 25,000 to 75,000 mt for loading from Arab Gulf ports 20-40 days forward from the date of publication. Naphtha is a light distillate petroleum product used for production of petrochemicals and in the production of gasoline.

For full methodology, please see: Asia Pacific and Middle East Refined Oil Products Methodology

How Naphtha FOB Fujairah Cargo is Assessed?

The outright assessment equals the sum of Middle East naphtha spot differential (premium/discount) and the MOPAG naphtha strip. The MOPAG Strip is calculated using naphtha derivatives that settle on the Platts Middle East naphtha netback assessment. S&P Global Commodity Insights also publishes assessments for MOPAG naphtha derivatives for Balance Month, Month 1, and Month 2, as well as the MOPAG naphtha strip.

S&P Global Commodity Insights uses a Market-on-Close (MOC) assessment methodology which is a day-long process that ends at 12:30pm Fujairah time—the timestamp for Platts oil assessments in Asia and the Middle East.

Structured and highly transparent, the MOC is a process in which oil bids, offers and transactions are submitted by participants to S&P Global Commodity Insights editors and published in real-time throughout the day until the market close. Following the close, our editors examine the data gathered through the day, conduct their analysis and develop price assessments that reflect an end-of-day value.

For more details, please refer to our Asia Pacific and Middle East refined oil product methodology and specifications guide.