ASIAN NAPHTHA MOC PERFORMANCE: August deliverable volume rises 43% MOM to 250,000 mt

Participants in the Asian naphtha physical Platts Market on Close assessment process completed trades totaling 250,000 metric tons of product deliverable in August, according to operational trade performance data compiled by Platts, part of S&P Global Energy.

The volume was up 43% month over month but down 23% year over year, according to Platts data.

Platts assesses the value of naphtha for delivery on a CFR Japan basis across three half-month cycles, meaning that product for delivery in August reflects trades reported from the second half of May through the first half of July.

A total of 10 trades were reported for August delivery, up by three from the month-ago delivery period, with ADNOC Global Trading Asia emerging as the largest seller for a second consecutive month at 175,000 mt. Glencore, Gunvor, TotalEnergies and Vitol were all tied on the buy side with two cargoes, or 50,000 mt each, while Equinor and Trafigura bought one cargo each, according to the data.

Performance tracking

Platts closely monitors performance on trades reported through the MOC as part of its ongoing commitment to upholding the highest standards of integrity and transparency.

As part of trade performance tracking, Platts has reviewed various aspects of performance, including the timeliness of nominations, completion of deliveries and other published parameters of the trades.

Performance details for August-delivery trades reported through the Asian naphtha physical MOC are as follows:

Source: Platts, traders