Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

Asian naphtha cracks at near 5-month low on weaker demand, firmer crude

Oil | Crude Oil

The new, lighter US crude grade flowing from Texas to Asia

Natural Gas | Oil

Platts Scenario Planning Service

Oil | Refined Products | Fuel Oil | Shipping | Dry Freight | Marine Fuels | Tankers

Mediterranean Bunker Fuel Conference, 8th Annual

Natural Gas

Mexico, Guatemala, Honduras, El Salvador envision gas pipeline to bolster economic development

Asian naphtha cracks at near 5-month low on weaker demand, firmer crude

Singapore — The benchmark CFR Japan naphtha crack against ICE Brent futures is hovering at close to a five-month low this week amid faltering demand for both light and heavy grades and strength in underlying crude markers.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The crack value of CFR Japan physical naphtha on a 45-60 days forward delivery basis against March ICE Brent futures stood at $83.825/mt at Wednesday's close and at $83.550/mt Tuesday, S&P Global Platts data showed.

It was lower on August 28 last year at $83.350/mt.

The cracks for the second line trading cycle hit a two-year high of $122.95/mt November 10 when North Asian buyers rushed to buy naphtha ahead of year-end holidays, before slumping in early January as demand for gasoline blending waned.

Front-month ICE Brent futures have averaged $69.41/b over the past five trading sessions in Asia, up sharply from $62.59/b over the first half of November, narrowing the cracks margin.

Two sources said North Asian naphtha buyers had adopted a wait-and-see approach at present as they had no real requirements ahead of scheduled turnarounds.

In Japan, Tosoh Corp.'s naphtha-fed steam cracker in Yokkaichi and Showa Denko's naphtha-fed steam cracker in Oita, and in South Korea GS Caltex's naphtha splitter in Yeosu, are due to undergo annual maintenance around March.

--Sue Koh,
--Edited by Wendy Wells,