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Heavy Aromatic Naphtha Solvent

Heavy Aromatic Naphtha Solvent Prices Overview

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Heavy Aromatic Naphtha Solvent Prices Overview

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Market Overview

Quarterly Update on Global Heavy Aromatic Naphtha solvent Market

For the Quarter Ending December 2020

Asia

Demand for Heavy Aromatic Naphtha solvent was weak in the Asian region during Q4 2020. This led to oversupply of heavy naphtha and the prices faced downward trend. Due to lower than anticipated prices and weak margins, the production units lowered their production levels and started running around only 70% of their original capacities. Although export supply was kept short due to container shortages between Asia and Europe, the demand saw a staggering rise. Despite of healthy COVID-19 recovery in several Asian countries like China and India, the demand was low but improved compared to the prior quarter. Prices for heavy naphtha prices also improved from the record lows observed in Q2 to touch normalcy in Q4.

Europe

Amid the second wave of COVID 19 in the European region, the demand of heavy naphtha kept on bottom line. Re-imposition of COVID-19 restrictions reduced the domestic oil consumption in the European countries like Russia, Germany, Italy etc. New coronavirus strain and full lockdown in UK pushed the prices and consumption to the surface. Even in December 2020, due to low demand, the prices of crude oil were seen going down every week e.g., brent crude prices in late December reduced by around 1.7% and settled at USD 50/bbl. The crude rates significantly drove the rates of Heavy Aromatic Naphtha. Meanwhile rolling out of vaccines enhanced the market sentiments, and manufacturers anticipated healthy recovery in industrial and domestic activities in the upcoming quarter.

North America

The crude oil industry remained highly affected by low consumption of heavy naphtha solvent amid moderate recovery from the pandemic related uncertainities. Many refineries in the US were kept shut and many of them were running on lower capacities due to weather related challenges. Storms across the gulf region also affected the running status of major production units. Later during December, when demand from the Asian countries and from domestic market started rising, the prices started reporting healthy figure. Manufacturers started cutting production to increase the prices and improve margins. In addition, Shell announced in November the closure of its refinery located in Baton Rouge and New Orleans. This shut will reduce the supply of crude derivatives in upcoming years across the region.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Heavy Aromatic Naphtha Solvent is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Heavy Aromatic Naphtha Solvent market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Heavy Aromatic Naphtha solvent manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Heavy Aromatic Naphtha solvent market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Heavy Aromatic Naphtha solvent market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Heavy Aromatic Naphtha solvent are analyzed and region-wise demand pattern is tracked.

About

Heavy Aromatic Naphtha solvent is a complex mixture of hydrocarbons. It is produced during the distillation of Crude oil. This product has many synonyms like High Flash Aromatic Naphtha, Solvent Naphtha (Petroleum), wash oil, Garosol 200 etc. Despite of its high complexity it has a wide range of uses, like it is used as lubricant, grease, Motor oil lubricants, as a liquid in hydraulic breaks. Apart from lubrications it also has applications in making waxes, polishes, coatings etc. In addition, it can also be used as an anti-freeze, as a cooling liquid, in electric heaters etc. Some of other applications include- as processing aids for both indoor and outdoor processes. Despite of its wide applications, it is very hazardous in nature, it can be proved fatal if consumed, it is highly toxic and very dangerous for aquatic life also. Fumes can cause eyes irritation and skin irritation and can cause long term bad effect on repeated exposures.

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Heavy Aromatic Naphtha Solvent Prices Overview