Naphtha Price Analysis

date: 23 January 2021

Naphtha has not fluctuated much this week and has remained in the same price range. According to the News in this week that US government will support the economy, demanding has improved somewhat. Oil reserves in The United States will have a reduction this week also on the other hand, the decrease in OPEK production will cause a decrease in supply, which it results in price increase.

Naphtha is still below the $ 526 resistance level That is expected to grow to $ 520 in the next 10 days.