SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > Naphtha News > News Detail
Naphtha News
SunSirs: China Local Refined Naphtha Declined slightly Last Week (September 19-25)
September 28 2022 09:38:49SunSirs(Selena)

As of September 25, the average ex factory price of domestic local refining hydrogenated naphtha mainstream was 8,476.67 RMB/ ton, down 0.12% from 8,486.67 RMB/ ton on September 19. The actual transaction price of local refining hydrogenated naphtha was about 8,400-8,600 RMB/ ton.

As of September 25, the average ex factory price of domestic straight run naphtha mainstream was 8,332.50 RMB/ ton, down 0.03% from 8,335.00 RMB/ ton on September 19. The actual transaction price of local straight run naphtha was about 8,200-8,400 RMB/ ton.

On September 25, the naphtha commodity index was 104.62, unchanged from the previous day, 13.99% lower than the cycle's highest point of 121.64 (2022-03-10), and 147.68% higher than the lowest point of 42.24 on July 19, 2016. (Note: the cycle refers to the period from September 1, 2012 to now)

The price of refined naphtha fell last week, and the refinery just needed to purchase. Affected by the bad news of the gasoline and diesel market, the terminal ethylene cracking demand was weak, and the market was in a wait-and-see mood. The refinery reduced the price and shipped.

Upstream: The international crude oil price fluctuated and fell. The Federal Reserve raised interest rates by 75 basis points. In addition, the repeated epidemic situation depressed the demand for crude oil, and the trend of international oil prices declined. As of the week ended September 16, US crude oil inventory increased by 1.1 million barrels to 4,307.7 million barrels, and analysts expected an increase of 2.2 million barrels. EIA reports that the crude oil inventory of Cushing, Oklahoma, the delivery place of NYMEX crude oil futures, increased by 343,000 barrels. In addition, China's crude oil imports fell sharply in August compared with the same period last year, which depressed market confidence. The control brought about by the epidemic repeatedly dragged down oil demand, and international oil prices fell.

Downstream: According to the monitoring of SunSirs, toluene rose slightly last week, with the price at 7,660 RMB/ ton on September 19 and 7,690 RMB/ ton on September 25, up 0.39%. Toluene fell slightly last Tuesday, with the price at 8,120 RMB/ ton on September 19 and 8,080 RMB/ ton on September 25, down 0.49%. In terms of PX market, the price trend of paraxylene market was stable last week, and the domestic ex factory price of paraxylene was 9,000 RMB/ ton as of the weekend.

According to SunSirs energy analysts, the international crude oil price fell in shock last week, the cost support of the naphtha market was limited, and the terminal ethylene cracking demand was weak due to the bad news in the gasoline and diesel markets. The market was in a strong wait-and-see mood, and the pre holiday stock expectation was weakened, and the local refining naphtha market price fell. It is expected that China local refining naphtha will continue to decline in the near future.


If you have any questions, please feel free to contact SunSirs with

Exchange Rate:

8 Industries
Rubber & Plastics
Non-ferrous Metals
Building Materials
Agricultural & Sideline Products