Raffinate market were on high alert in July 2025 as cautious downstream demand and fluctuating raw materials threatened to disrupt consistent supply. Crucial for gasoline blending and MTBE feedstock, raffinate balanced robust refinery output against increasing port congestion that hindered delivery, particularly at China's Ningbo–Zhoushan terminal. Raffinate offtake was greatly aided by MTBE's strong blending activity and export demand, but Naphtha's volatile pricing added to the strain. Amid unstable gasoline markets and macroeconomic concerns, traders remained cautious and preferred just-in-time purchasing. Going forward, Raffinate's path depends on seasonal blending cycles, naphtha feedstock patterns, and logistical challenges, indicating gradual market movements as opposed to abrupt price fluctuations.
