On May 29th, the benchmark price of naphtha for Shangye Society was 7601.50 RMB/ton, a decrease of -2.66% compared to the beginning of this month (7809.00 RMB/ton).

Analysts from SunSirs believe that last week's reorganization of local refining naphtha terminals and concentrated release of ethylene demand resulted in positive market trading and good transactions. Refineries are actively driving up prices, and it is expected that local refining naphtha may continue to rise in the near future.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.