Commodity Market Report
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
-
ARA storage glut persists
- 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:
Other reports you may be interested in
Commodity Market Report
Sweden retail fuels long-term outlook
Government policies have seen Sweden slashing biofuel blending requirements until 2026.
$4,750
Commodity Market Report
Europe gas and power markets short-term outlook Q1 2024
TTF gas prices back to pre-crisis levels
$5,000
Commodity Market Report
Europe gas and power markets short-term outlook Q3 2023
Lower gas-to-power demand supports record storage levels in Europe at the end of summer
$5,000
