Naphtha Prices, Trends & Forecasts | Provided by Procurement Resource
Naphtha is an intermediate organic compound obtained from the reaction between crude oil and liquid kerosene. Naphtha is a combustible compound that is obtained from petroleum refineries while the distillation process is in progress. It is a volatile chemical whose molecular weight range around 100-215 u. The boiling point for the compound measures around 20-220° C. Naphtha is insoluble in water and contains a vapor pressure that is less than 5 mm mercury. It is a colorless compound and is primarily associated with the chemical and varnish industry.
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Vietnam, the United States, and India are the key importing countries that import Naphtha. On the other hand, the key exporting countries include the United States, Vietnam, and South Korea.
Key Details About the Naphtha Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Naphtha price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Naphtha Price Trends, including India Naphtha price, USA Naphtha price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Naphtha Price Trend:
Naphtha is a highly volatile, flammable compound that has various industrial uses. It is a liquid that is formed by a mixture of hydrocarbons. It is used as a fuel for engines and household appliances such as lighters. It acts as a solvent that is utilized to produce paints on a large scale.
Moreover, Naphtha is a primary raw material that is used in the petrochemical and chemical industry. It is also considered a feedstock used to convert to gasoline or jet fuel. It is an excellent dilutant that is mixed with heavy crude oil, which helps to reduce its viscosity.
Key Players:
- China Petrochemical Corporation
- Reliance Industries Limited
- Shell Chemicals
- Exxon Mobil Corporation
- Indian Oil Corporation Limited
- Novatek
- SABIC
News & Recent Development
- Date: May 19, 2023- The Indian oil corporations have announced that the firm is looking forward to incorporating Bio-Naphtha and Bioethanol as an alternative in its petrochemical feedstocks.
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