In contrast to the market fundamentals of Naphtha across the globe, saturated US market has made light Naphtha dive to its lowest level in the first week of September from June. As the force measure caused by Hurricane Laura negatively affected the export margins of various oil refiners, market players eyed to make up for their loss by catering to the large export demand in late September. However, few players showed resistance towards voyages to Asia due to the volatile freight charges in the region.
ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of Chemanalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.
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 Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.
Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.
Basic details and information on financial performance of leading global players in the Acrylonitrile 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.
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.
Finally, region-specific markets for Naphtha are analyzed and region-wise demand pattern is tracked.
Naphtha is a liquid hydrocarbon mixture, mainly utilized for gasoline blending, reforming and petrochemical cracking. Naphtha can be categorized as Light Paraffin Naphtha and Heavy Naphtha, depending upon the production method. Since Light Naphtha is rich in olefins and boils at a comparatively lower temperature than Heavy Naphtha, it is widely utilized to manufacture various olefins/polyolefins like Propylene, Ethylene and others. Whereas Heavy Naphtha, being rich in aromatic and naphthenic content, is efficiently utilized as a feedstock for compounds such as Benzene, Toluene and others. It is also used to increase the octane number in gasoline reforming. Naphtha solvent of ideal properties is widely preferred for polymers, paint and coating and printing applications. Naphtha is primarily produced by crude refining in a crude distillation unit along with four other compounds namely light and heavy gas oil, kerosene and atmospheric residue. Development of advanced technology has enabled the production of Naphtha from gas to gas liquid processing and condensate splitting.