Naphtha Price | United States — Q4 2023
Check how the Naphtha price evolved in United States, from Q4 2022 to Q4 2023.
The Naphtha price in United States increased during Q4 2023 to 734 USD per metric ton, which represents a considerable rise of 9.7% compared to the previous quarter’s value. On a year-over-year basis, Naphtha prices in United States increased by 16%.
The chart below shows quarterly Naphtha prices, in USD per metric ton in United States and other selected countries in Americas.
For further information on the pricing of Naphtha, including:
- Current prices, on a quarterly basis
- Historical pricing data since 2007
- Short-term Price Forecasts
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A Little Bit About Naphtha
Naphtha is a liquid stream, mainly derived from crude oil refining, composed of intermediate hydrocarbons, with an initial boiling point (IBP) of around 35 °C and a final boiling point (FBP) of about 200 °C. Naphtha composition varies greatly by country due to the differences in petroleum constitution, containing different percentages of paraffins, aromatic compounds, naphthenes, and others. Its composition normally ranges from hydrocarbons containing a 4–12 carbon chain, predominantly C5-C6. Naphtha is one of the most important chemical commodities worldwide since it is the primary source of gasoline and other fuels, as well as industrial solvents. International trade may occur in the spot market, in which the commodity can be purchased for immediate delivery or in the futures contract market, ensuring a steady supply to industries.
Despite its importance, naphtha possesses some unique characteristics that require careful handling. It is a corrosive fuel with a low flash point, making it highly flammable. Its low lubricity necessitates the use of lubricity enhancers when employed in certain applications to prevent excessive wear and tear on machinery. Bulk Naphtha logistics predominantly involves maritime transportation and pipelines, with deliveries scheduled on fixed dates to ensure a steady supply to industries around the world.
In the industrial realm, naphtha finds extensive use in the production of gasoline, providing the energy needed for countless vehicles and machinery. Furthermore, it serves as a key ingredient in the formulation of solvents used in asphalt production, paints, varnishes, and various cleaning fluids. Naphtha’s versatility extends to its role in the rubber industry, where it aids in the production of synthetic rubber compounds. Additionally, Naphtha’s flammable properties make it a suitable fuel for portable camping stoves and lanterns, while its role in recycling processes contributes to sustainable practices by helping to convert waste materials into valuable products. This commodity can be used in the manufacture of derivatives, such as: ammonia; acetone; acetylene; methanol; benzene; cyclohexane; cyclopentane; copper; ethyl-cyclohexane; ethylbenzene; isodecane; isohexane; isopentane; isoprene; methyl-cyclohexane; n-butane; n-decane; n-heptane; hexane; n-nonane; n-octane; n-pentane; octene; o-xylene; p-xylene; propylene; reformate; toluene.
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