Naphtha Price History and Forecast Analysis Provided by Procurement Resource

Naphtha is an intermediate organic compound obtained from the reaction between crude oil and liquid kerosene. Naphtha is a combustible compound that is obtained from petroleum refineries while the distillation process is in progress. It is a volatile chemical whose molecular weight range around 100-215 u. The boiling point for the compound measures around 20-220° C. Naphtha is insoluble in water and contains a vapor pressure that is less than 5 mm mercury. It is a colorless compound and is primarily associated with the chemical and varnish industry.

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Vietnam, the United States, and India are the key importing countries that import Naphtha. On the other hand, the key exporting countries include the United States, Vietnam, and South Korea.

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 Trends, 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.

Industrial Uses Impacting Naphtha Price Trend:

Naphtha is a highly volatile, flammable compound that has various industrial uses. It is a liquid that is formed by a mixture of hydrocarbons. It is used as a fuel for engines and household appliances such as lighters. It acts as a solvent that is utilized to produce paints on a large scale.

Moreover, Naphtha is a primary raw material that is used in the petrochemical and chemical industry. It is also considered a feedstock used to convert to gasoline or jet fuel. It is an excellent dilutant that is mixed with heavy crude oil, which helps to reduce its viscosity.

Key Players:

  • China Petrochemical Corporation
  • Reliance Industries Limited
  • Shell Chemicals
  • Exxon Mobil Corporation
  • Indian Oil Corporation Limited
  • Novatek

News & Recent Development

  • Date: May 19, 2023- The Indian oil corporations have announced that the firm is looking forward to incorporating Bio-Naphtha and Bioethanol as an alternative in its petrochemical feedstocks.

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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