On December 22nd, Shangneng Petrochemical's hydrogenated naphtha was quoted at 6,700 RMB/ton, a decrease of 10 RMB/ton from the previous price adjustment day, and the company's shipments were normal.
The price of Shangneng Petrochemical's hydrogenated naphtha is reported at 6,700 RMB/ton, a decrease of 10 RMB/ton or about 0.15% from the previous price adjustment day. Normal shipments from enterprises indicate stable supply, but the price drop reflects weak market demand or relatively sufficient supply. This will have a general negative impact on the spot price of naphtha, and it is expected that prices may continue to be under pressure in the short term.
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