Commodity name: naphtha

Latest price (April 29, 2020): 4,262.50 RMB/ ton

Key points: the international crude oil price has fallen sharply, which has depressed the energy market. At present, the ground refining market has a high operating rate, and the naphtha supply is sufficient, and near the end of the month, the downstream demand is limited. Low price crude oil is about to flow into the market in the near future, with strong wait-and-see mood in the downstream and cautious trading.

Market forecast: it is expected that the price of naphtha in the mainland will continue to decline in the short term.

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