North America Naphtha Prices Movement Q4

Naphtha Prices in USA:

In December 2023, the prices of naphtha in the value of the United States fell to $563 per MT, corresponding to a bearish trend in the market for the fourth quarter. The decline was mainly affected by falling crude oil prices, which decreased unit production costs and exerted downward pressure on naphtha prices. Demand remained, but with fears about inflation control, all added to the price drop. Winter conditions present possible threats to transportation; however, the supply chain has remained stable with no major disruptions observed during the quarter. All these factors therefore created a stable but slightly declining naphtha market again in the U.S. by the end of 2023.

Naphtha Prices in Japan:

During Q4 2023, prices for naphtha in Japan rose to $650 per metric ton, indicating a modest increase. This was mainly due to an increase in import costs from Western markets, while crude oil prices all over the world are moving downwards. The level of Nk. The market was driven by a close relationship between it and crude price while seasonal factors coupled with these resulted in the market fluctuations. Supply remained constant with little disruption in the last quarter.

Naphtha Prices in Netherlands:

The fall into bearish territory in the Netherlands naphtha market in Q4 2023 has been priced at $585 per metric ton. Declines in demand and strong supply, particularly from the downstream toluene side, were the main drivers of this decrease. Even as crude prices took turns during the period, the market continued to face surplus stock levels, increasing downward pressure on pricing. Moreover, winter transportation difficulties weakened demand, adding further bearishness to the outlook.

Naphtha Prices in Saudi Arabia:

Naphtha prices in Saudi Arabia have soared as high as $610 per metric ton during Q4 2023, meaning a bullish trend in the market. Since such increase was triggered by OPEC+ cuts in production, it was expected to boost crude oil prices, tighten supply of naphtha, and increase market activity. Price tightness had, however, been accompanied by disturbing demand conditions in the downstream petrochemical sector because quiet conditions remained in overall supply. Steady downstream conditions and expectations of increased crude oil prices were coupled with the retail price surge.

How IMARC Pricing Database Can Help

The latest IMARC Group study, “Naphtha Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Naphtha price trend, offering key insights into global Naphtha market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Naphtha demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

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