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Naphtha Price History and Forecast Analysis Provided by Procurement Resource

Naphtha can be defined as a flammable liquid hydrocarbon blend which is also called by names Nephi and naphthar. Naphtha is produced by the combination of natural gas condensates, petroleum distillates, and the distillation of coal tar and peat.

Request for Real Time Naphtha Prices: https://www.procurementresource.com/resource-center/naphtha-price-trends/pricerequest

It is primarily utilised as solvents and diluents and also as a raw material for the transformation to gasoline. Naphtha is chiefly comprised of straight-chain alkanes or paraffin; however, it can also have cyclohexanes (naphthenes) and aromatics. The key utilisation of naphtha is as a solvent; hence, it is used to mix other substances and clean metals.

Globally, the United States, South Korea, and Vietnam are the three important exporters of naphtha.

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 Trend, chart, 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:

Price Trend Image

Naphtha is extensively utilised as a solvent and also in hydrocarbon cracking, laundry soaps, and cleaning fluids. In addition, it is also employed to produce varnishes, and at times it is utilised as a fuel for camp stoves, blowtorches, lanterns, cigarette lighters, heating units, and a diluent for painting. Its competence to burn reasonably efficiently makes it popularly used as an additive to other fuels.

Moreover, naphtha is employed as a raw material for manufacturing plastics such as polyethylene and polypropylene. Besides, several naphtha chemicals are also utilised as raw materials for producing petrochemicals consisting of gasoline and butane. Apart from this, a large volume of naphtha is also used in the energy industry every year. Because of its low evapouration point, it is primarily utilised as a diluter for paints, asphalt, and varnish. Furthermore, it is also largely used for dry-cleaning purposes.

Key Players:

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

News & Recent Development:

  • October 2022: LG Chem closed its naphtha crackers based in South Korea to carry out maintenance work for seven weeks. This maintenance shutdown will impact the supply of petrochemicals in the region.

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.

Contact Us:

Company Name: Procurement Resource
Contact Person: Amanda Williams
Email: sales@procurementresource.com
Toll Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Reference Link –  https://researz.com/naphtha-price-trend/

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