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News 2026-10-16 11:28 UTC

Asia Naphtha/Gasoline — Naphtha market rangebound, backwardation widens

NEW DELHI, Oct 16 (Reuters) — Asia's naphtha market remained rangebound this week, with prices trading above $1,000 per metric ton for a fourth consecutive session on Friday, as soaring freight costs kept a lid on barrels coming from the West, traders and analysts said. The price for first-half December cargo stood at

News 2026-10-16 11:25 UTC

Naphtha Rangebound as Backwardation Widens

Asia’s naphtha market remained rangebound, with prices above $1,000 per metric ton for a fourth consecutive session on Friday. Traders and analysts said soaring freight costs limited barrels arriving from the West.