Naphtha Price In USA

• USA: 563 USD/MT

In the fourth quarter of 2023, Naphtha prices in the USA dropped by 1% from the previous quarter and by 6% compared to the same period the previous year. Although demand remained steady, exports might have been affected by transportation issues due to snowfall.

The latest report by IMARC, titled " Naphtha Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," delivers a comprehensive analysis of naphtha prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Naphtha Prices December 2023:

• USA: 563 USD/MT

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The study delves into the factors affecting  naphtha  price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

Request For a Sample Copy of the Report: https://www.imarcgroup.com/naphtha-pricing-report/requestsample

 Naphtha Price Trend- Q4 2023

The naphtha market is driven by its critical role as a primary feedstock in the petrochemical industry, for the production of olefins and aromatics, which are essential for manufacturing plastics, synthetic rubber, and other chemicals. As global economies recover from the downturns caused by the pandemic, there has been a substantial rebound in manufacturing activities, increasing the demand for plastics and other petrochemical products. This surge boosts the need for naphtha significantly. Additionally, the growing demand for biofuels, where naphtha serves as a blending component, further supports market growth. Emerging markets in Asia, especially China and India, are significant contributors to this demand due to their expanding industrial sectors and large-scale infrastructure developments requiring vast amounts of petrochemicals. Moreover, the gradual shift toward lighter feedstocks in refinery operations, coupled with high crude oil prices, also propels the demand for naphtha as refineries adjust their outputs to maximize the yield of lighter and more valuable products.

 Naphtha Market Analysis

The global naphtha market size reached US$ 170.6 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 222.1 Billion, at a projected CAGR of 2.90% during 2023-2032. In the first quarter of 2024, several factors have influenced naphtha prices, primarily revolving around global economic activities, crude oil price fluctuations, and sector-specific demands. the North America naphtha market witnessed significant fluctuations influenced by various factors. Global crude oil market instability, geopolitical tensions in the Middle East, and anticipated production cuts by oil-producing countries played a crucial role in driving up international crude oil prices during the previous quarter. Besides, the market also faced several shutdowns or disruptions, which, combined with a surge in inventories, contributed to a decline in crude oil crack prices. Moreover, in the Asia Pacific region, recent surges in naphtha prices have been driven by multiple factors. Geopolitical tensions in the Middle East, particularly the attacks on vessels in the Red Sea by Yemen's Houthi rebels, caused import prices to spike, resulting in increased prices in Japan. Additionally, Japan experienced increase in prices due to increased demand and limited inventory levels. Although major plant shutdowns were not reported, various disruptions in the market further impacted prices. Moreover, the demand for Naphtha in Germany has continued to rise steadily. In this quarter, the German market experienced a significant 4% increase in Naphtha prices compared to the previous quarter. This surge can be attributed to bullish sentiment prevailing in the European market, favorable trade dynamics favoring exports, escalating insurance premiums, and rising prices of downstream products. 

Browse Full Report: https://www.imarcgroup.com/naphtha-pricing-report

Key Points Covered in the naphtha Pricing Report:

 The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:

• Naphtha Prices
• Naphtha Price Trend
• Naphtha Demand & Supply
• Naphtha Market Analysis
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Naphtha Price Analysis
• Naphtha Industry Drivers, Restraints, and Opportunities
• Naphtha News and Recent developments
• Global Event Analysis
• List of Key Players

Regional Price Analysis:

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand.
• Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece.
• North America: United States and Canada.
• Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru.
• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco.

Browse More Pricing Reports by IMARC Group:

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• Acetonitrile Price Trend

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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