On January 6th, Shangneng Petrochemical's hydrogenated naphtha was quoted at 6,830 RMB/ton, an increase of 30 RMB/ton compared to the previous price adjustment day, and the company's shipments were normal.

Shangneng Petrochemical has raised the price of hydrogenated naphtha by 30 RMB/ton to 6,830 RMB/ton, and the company's shipments are normal, indicating stable market demand supporting price strength. The price adjustment reflects a tight supply and demand trend in the spot market for naphtha, which may be due to the rebound in downstream refining or chemical demand, which is favorable for the short-term spot price trend. Considering the current market environment, although the increase is moderate, it strengthens the bullish expectation, which is generally favorable for spot holders.

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