Tag Archives: Naphtha Price

date: 10 March 2021 After the significant growth of oil last week and the subsequent increase in the price of petrochemical products, the price of naphtha reached the resistance range of 600$. Naphtha has technically reached the resistance range and reacted negatively to it. If naphtha’s price falls, it could drop to 575 $, and […]

date: 6 March 2021 Last week, Naphtha was able to break the resistance level of 530 $ powerfully. Due to rising oil prices and post-corona economic growth, expectations for demand toward this commodity have risen at an increasing rate as Naphtha is moving towards its historic high (577$) price. NAFTA seems to be technically able […]

date: 18 February 2021 By increasing in the crude oil prices, the prices of chemical and petrochemical products, under the influence of rising prices have been increased. Also Naphtha has moved closer to the 600 $ resistance level after crossing the 520$ price range. Naphtha seems to have difficulties to reach 600$. Regarding to stability […]

date: 6 February 2021 Naphtha was able to offset its decline this week that happened in pervious week due to decrease oil prices. It has reached a critical resistance level. If Naphtha can break the significant resistance of $ 530, it can grow to its previous level that’s mean $ 577. Regarding to the increase […]

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 […]