Commodity Market Report

Genscape weekly European market signposts - European naphtha supported by strong Asia demand pull

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20 July 2020

Genscape weekly European market signposts - European naphtha supported by strong Asia demand pull

Report summary

This weekly update integrates Genscape’s proprietary monitoring of near-term data with Wood Mackenzie's Product Markets Short-Term analysis to provide insight to the fast-changing European oil products markets. European naphtha prices recovered from the lows of April to trade at premiums to both ICE Brent and gasoline barges, as gasoline blending demand increased and strong export demand returned. The Asia-Pacific market has been the main clearing mechanism for European naphtha in recent months, and the largest regional source of naphtha demand. Asian refinery runs lagged the recovery in petrochemicals, drawing European cargoes to fill the widening feedstock supply gap, which provided support to European prices.

Table of contents

  • European naphtha supported by strong Asia demand pull
    • Floating storage clears on strong Asian pull
    • East of Suez appetite for European naphtha underpins its strength
    • Naphtha premium subsides as clean fuels feel the pressure
    • Weekly European market signposts

Tables and charts

This report includes 3 images and tables including:

  • ARA naphtha storage
  • European naphtha floating storage
  • European naphtha exports to east of Suez

What's included

This report contains:

  • Document

    Genscape weekly European market signposts - European naphtha supported by strong Asia demand pull

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