- The spread of the front-month Japan naphtha Swap Time
is narrowing- Cash differentials in the Mideast steady to lower-Weekly naphtha inflows from Russia to Singapore plummet
76% to 30,059 mt





Spot activity in the Asian naphtha markets
saw a slight increase March 3, ahead of China’s annual legislation meeting. While some market participants anticipate new
policies from China's National People's Congress meeting March 5, to boost
China's petrochemicals demands, others feel that it will have minimal impact. "We
expect China's [petrochemicals] consumption to rise in March, after the
legislation."meeting. Market sources stated that ethylene
prices have helped to boost [naphtha] consumption. A trader
based in China cautioned that one should not expect too much, stressing that
there will likely be little change in the near future. "Domestically,
we are not so bullish about ethylene...