For the Quarter Ending June 2026
Naphthalene Prices in APAC
- In Japan, the Naphthalene Price Index fell by 5.24% quarter-over-quarter, thereby reflecting softer demand and supply.
- The average Naphthalene price for the quarter was approximately USD 712.00/MT across Osaka FOB trade.
- Naphthalene Spot Price remained subdued as domestic output met demand, keeping offers under downward pressure.
- The Naphthalene Price Forecast indicates modest near-term declines amid ample inventories and weak offshore enquiries.
- Naphthalene Production Cost Trend rose modestly due to higher coal prices, squeezing refiners' margins somewhat.
- Naphthalene Demand Outlook remains weak with phthalic anhydride and dye intermediate consumption below seasonal norms.
- Naphthalene Price Index pressured by ample inventories and muted exports, prompting sellers reduce FOB offers.
- Major Japanese plants operated routinely, sustaining supply; this operational stability limited upward Naphthalene price momentum.
Why did the price of Naphthalene change in June 2026 in APAC?
- Ample domestic availability and comfortable inventories outweighed limited downstream demand, thereby driving June downward pressure.
- Fluctuating coal feedstock costs raised production expense, but steady logistics and port operations limited pass-through.
- Muted export enquiries from South Korea and Taiwan reduced spot demand, reinforcing further seller discounts.
China
- In China, the Naphthalene Price Index fell by 10.3% quarter-over-quarter, reflecting oversupply and weaker demand.
- Naphthalene Spot Price remained pressured by high domestic run-rates and elevated inventories in East China.
India
- In India, the Naphthalene Price Index rose by 17.36% quarter-over-quarter, supported by stronger export parity.
- Naphthalene Spot Price remained pressured by ample imports and comfortable inventories, limiting domestic price upside
Naphthalene Prices in Europe
- In Germany, the Naphthalene Price Index rose by 10.12% quarter-over-quarter, reflecting discipline and tighter availability.
- The average Naphthalene price for the quarter was USD 1225.67/MT, based on Hamburg FOB data.
- Naphthalene Spot Price weakened amid balanced supply and thin enquiries, pressuring offers despite premium testing.
- Naphthalene Price Forecast indicates modest downside as inventories remain comfortable and downstream demand lacks pickup.
- Naphthalene Production Cost Trend elevated as higher energy and carbon costs compressed margins across producers.
- Naphthalene Demand Outlook stays muted owing to weak construction and restrained pigment and dye procurement.
- Naphthalene Price Index movements reflect increased inventories, limited export pull and cautious distributor buying patterns.
- Major German producers maintained routine operating rates, limiting outages, supporting output while moderating spot-market volatility.
Why did the price of Naphthalene change in June 2026 in Europe?
- Elevated energy and feedstock costs increased production expenses, pressuring margins and encouraging disciplined seller pricing.
- Balanced-to-long domestic supply and comfortable inventories reduced urgency for spot purchases across Europe, softening demand signals.
- Weak downstream consumption from construction, pigments and plasticiser sectors curtailed offtake, limiting upward pressure on prices.
Naphthalene Prices in North America
- In USA, the Naphthalene Price Index fell by 8.29% quarter-over-quarter, reflecting sustained import-driven oversupply and weak downstream demand.
- The average Naphthalene price for the quarter was approximately USD 1699/MT reflecting import parity dynamics and steady domestic production.
- Naphthalene Spot Price movements reflected ample imports and steady logistics, keeping the regional Price Index pressured.
- Naphthalene Price Forecast anticipates modest declines as inventories remain elevated and downstream buying stays cautious.
- Naphthalene Production Cost Trend showed slight feedstock firming, yet higher costs could not offset import oversupply.
- Naphthalene Demand Outlook remains subdued with phthalic anhydride and concrete admixture sectors maintaining cautious purchasing behavior.
- Elevated stocks and smooth vessel arrivals compressed margins across exporters, pressuring the Naphthalene Price Index lower.
- Major domestic producers operating at typical rates reduced import dependence but could not absorb excess, influencing Naphthalene Spot Price.
Why did the price of Naphthalene change in June 2026 in North America?
- Sustained import inflows from China and Germany increased Gulf Coast inventories, creating persistent oversupply and downward pressure.
- Steady domestic production satisfied majority demand, limiting prompt buying and reducing sellers' pricing power in June.
- Rising insurance and freight premiums offset slight feedstock cost declines, leaving net landed costs broadly unchanged.
Mexico
- In Mexico, the Naphthalene Price Index fell by 5.5% quarter-over-quarter, driven by ample import availability.
- Naphthalene Spot Price stabilized lower as import parity and balanced inventories limited urgent purchasing interest.
For the Quarter Ending March 2026
Naphthalene Prices in North America
- In the USA, the Naphthalene Price Index rose by 2.47% quarter-over-quarter, reflecting tightening import availability.
- The average Naphthalene price for the quarter was approximately USD 1852.67/MT, supported by balanced inventories.
- Naphthalene Spot Price remained slightly firm as the Price Index reacted to tightened import availability.
- Naphthalene Production Cost Trend showed modest upward pressure as Brown Coal feedstock costs marginally increased.
- Naphthalene Demand Outlook remains steady with phthalic anhydride and construction admixture consumption supporting baseline offtake.
- Naphthalene Price Forecast indicates rangebound to modestly firmer levels near term if import tightness persists.
- Naphthalene Price Index movements tracked constrained seaborne arrivals and comfortable Gulf storage, slightly moderating volatility.
- Domestic distillers maintained steady run-rates while sanctions and compliance costs reduced export flexibility and margins.
Why did the price of Naphthalene change in March 2026 in North America?
- Import disruptions and EU sanctions tightened available seaborne supply, directly increasing replacement costs for Gulf Coast buyers.
- Rising Brown Coal feedstock and higher compliance costs at domestic distillers transmitted modest production cost pressure.
- Freight dynamics improved earlier, but recent cargo shortfalls and insurance surcharges increased landed uncertainty and buyer urgency.
Naphthalene Prices in APAC
- In Japan, the Naphthalene Price Index rose by 8.11% quarter-over-quarter, reflecting stronger export demand broadly.
- The average Naphthalene price for the quarter was USD 751.33/MT, based on FOB Osaka assessments.
- Naphthalene Spot Price remained range-bound around FOB Osaka levels amid balanced inventories and steady offtake.
- Naphthalene Price Forecast shows limited near-term upside given ample coal-tar feedstock and port inventory holdings.
- Naphthalene Production Cost Trend saw modest easing from lower coal imports, power tariffs limited savings.
- Naphthalene Demand Outlook remains neutral as phthalic anhydride and dye intermediate consumption matched routine volumes.
- Naphthalene Price Index reflected steady export flows to Korea and Taiwan and steel-related feedstock production.
- Operational reliability at Osaka, Kobe and Mizushima plants supported continuous supply, limiting volatility, spot purchases.
Why did the price of Naphthalene change in March 2026 in APAC?
- Stable coal-tar feedstock availability matched domestic steel output in March, preventing supply-driven upward pressure on prices.
- Demand remained routine with phthalic anhydride and dye manufacturers drawing contractual volumes, limiting spot buying activity.
- Minor black coal import cost decline was offset by elevated electricity tariffs and environmental compliance expenses.
Naphthalene Prices in Europe
- In Germany, the Naphthalene Price Index rose by 9.05% quarter-over-quarter, driven by higher energy, feedstock and export restocking.
- The average Naphthalene price for the quarter was approximately USD 1113.00/MT on FOB Hamburg assessments.
- Naphthalene Spot Price firmed in March as the Price Index rose amid prompt availability tightening.
- Naphthalene Production Cost Trend climbed due to higher electricity and natural-gas expenses squeezing producer margins.
- Naphthalene Price Forecast shows modest upside risk from export restocking and constrained import lead times.
- Naphthalene Demand Outlook improved overseas while domestic weakness persisted, sustaining the Price Index on balance.
- Naphthalene Price Index gains reflected stable inventories at Hamburg and steady export enquiries from Benelux.
- Naphthalene Spot Price was supported by disciplined seller offers and higher logistics and insurance costs.
Why did the price of Naphthalene change in March 2026 in Europe?
- Higher winter electricity and natural-gas prices raised distillation conversion costs, directly increasing German producers' cash-costs.
- Export restocking from Benelux and Italy absorbed cargoes, tightening prompt supply, supporting the Price Index.
- Near-nameplate operating rates with few outages limited surplus volumes, reducing downward pressure on spot markets.
For the Quarter Ending December 2025
North America
• In USA, the Naphthalene Price Index rose by 0.61% quarter-over-quarter, supported by import parity stability.
• The average Naphthalene price for the quarter was approximately USD 1808.00/MT, reflecting CFR landed economics.
• Naphthalene Spot Price remained range-bound as freight rose, Gulf Coast inventories and demand matched arrivals.
• Naphthalene Price Forecast indicates upside risk from winter energy costs and East Asian export volumes.
• Naphthalene Production Cost Trend rose as European distillers faced higher winter tariffs lifting export floor.
• Naphthalene Demand Outlook remains steady with construction and phthalic anhydride offtake supporting Gulf Coast levels.
• Naphthalene Price Index experienced limited volatility; balanced inventories and smooth port throughput capped price movement.
• Export demand softness and plasticizer substitution constrained upside despite import premiums and inland logistics delays.
Why did the price of Naphthalene change in December 2025 in North America?
• East Asian export tightening and higher winter costs raised landed CFR parity and importer offers.
• Ocean freight capacity tightened for January sailings, raising delivered costs and nudging CFR values upward.
• Downstream demand stayed stable but cautious procurement limited aggressive restocking, tempering price appreciation in December.
APAC
• In Japan, the Naphthalene Price Index rose by 13.25% quarter-over-quarter, driven by tighter feedstock supply.
• The average Naphthalene price for the quarter was approximately USD 695.00/MT, per FOB Osaka assessments.
• Naphthalene Spot Price tightened as domestic sellers prioritized contract volumes, reducing available exportable spot parcels.
• The Naphthalene Price Forecast points to firming driven by seasonal demand and constrained export availability.
• Naphthalene Production Cost Trend rose on elevated coking coal and LNG-indexed power, pressuring domestic margins.
• The Naphthalene Demand Outlook stayed supportive from construction admixtures and electronics intermediate requirements, sustaining offtake.
• Naphthalene Price Index stability benefited from normal plant operations, adequate terminal inventories, and port logistics.
• Export competition, a firmer yen influenced Naphthalene Price Index, reducing arbitrage and supporting domestic offers.
Why did the price of Naphthalene change in December 2025 in APAC?
• Reduced coal-tar generation tightened supply as blast furnace output curbed coal-tar and limited feedstock availability.
• Stronger export enquiries from Southeast Asia and electronics sectors accelerated purchases, depleting spot exportable inventories.
• Higher landed coking coal and LNG-linked power costs raised production expenses, supporting upward FOB pricing.
Europe
• In Germany, the Naphthalene Price Index rose by 2.68% quarter-over-quarter, reflecting firmer feedstock-driven margins overall.
• The average Naphthalene price for the quarter was approximately USD 1020.67/MT, reinforcing seller discipline broadly.
• Naphthalene Spot Price moves were modest as export demand softened while domestic consumption remained steady.
• Naphthalene Production Cost Trend showed upward pressure as higher coal-tar and energy inputs squeezed margins.
• Inventory levels at Hamburg terminals supported the Naphthalene Price Index, limiting downside despite export inquiries.
• The Naphthalene Demand Outlook improved modestly as phthalic and dye sectors resumed activity, boosting offtake.
• Naphthalene Price Forecast signalled mild upside given tighter supply and continued steady industrial demand momentum.
• Stable producer utilizations and maintenance preserved supply, while freight stability maintained competitive Hamburg FOB offerings.
Why did the price of Naphthalene change in December 2025 in Europe?
• Rising coal-tar and energy costs increased producer cash costs, allowing modest pass-through into FOB offers.
• Selective diversion of coal-tar fractions into pitch reduced exportable material, tightening Hamburg available spot parcels.
• Downstream restarts improved domestic offtake while cautious international buyers delayed purchases, balancing upward price pressure.
For the Quarter Ending September 2025
North America
• In USA, the Naphthalene Price Index fell by 1.16% quarter-over-quarter, reflecting softer downstream demand conditions.
• The average Naphthalene price for the quarter was approximately USD 1797.00/MT reported on CFR Houston basis.
• Naphthalene Spot Price showed weekly volatility as import inflows and tariffs altered the domestic Price Index trajectory.
• The Naphthalene Price Forecast projects range-bound movement reflecting modest feedstock shifts and production cost trend pressures.
• Naphthalene Demand Outlook remains subdued due to weak construction and plasticizer sectors, constraining upward Price Index momentum.
• Elevated inventories and steady exports from Europe moderated seller pricing power despite occasional supply disruptions supporting price spikes.
• Coal tar feedstock shifts and crude oil softness influenced the Naphthalene Production Cost Trend and input cost pass-through.
• Major producer maintenance and international tariff changes intermittently tightened availability, shaping short-term Price Index and spot dynamics.
Why did the price of Naphthalene change in September 2025 in North America?
• Tighter imports from Europe and sudden tariffs reduced availability, increasing import tightness and upward pressure.
• Firm coal tar and higher freight costs elevated production cost trend, translating into upward seller offers.
• Seasonal late-summer construction strength marginally improved offtake while overall downstream demand remained cautious and subdued industrial activity tempered sustained buying.
APAC
• In Japan, the Naphthalene Price Index fell by 1.29% quarter-over-quarter, reflecting subdued export and domestic demand.
• The average Naphthalene price for the quarter was approximately USD 613.67/MT, supported by steady coal tar availability.
• Naphthalene Spot Price remained range-bound while Price Index reflected balanced supply and modest export-driven strength and support.
• Naphthalene Price Forecast suggests mild upside unless downstream phthalic anhydride demand weakens further materially in coming months.
• Naphthalene Production Cost Trend was restrained by stable coal tar prices, though yen depreciation added input cost pressure.
• Naphthalene Demand Outlook remains cautious as construction and PA sectors exhibit subdued procurement and inventory management.
• Inventory levels were adequate but export interest intermittently tightened supply, elevating the Price Index late in September.
Why did the price of Naphthalene change in September 2025 in APAC?
• Stronger Southeast Asian export demand tightened domestic availability, lifting Naphthalene Price Index and FOB indications.
• Stable coal tar supply and steady refinery runs moderated Production Cost Trend, limiting sharper price increases.
• Subdued downstream procurement and inventory management in phthalic anhydride and construction sectors softened demand pressures.
Europe
• In Germany, the Naphthalene Price Index rose by 0.81% quarter-over-quarter, reflecting balanced supply and modest demand.
• The average Naphthalene price for the quarter was approximately USD 994.00/MT, reflecting range-bound spot activity.
• Recent Naphthalene Spot Price readings were range-bound, supported by adequate inventories and moderate export demand.
• Naphthalene Production Cost Trend rose due to higher crude and coal-tar derivative input prices, pressuring margins.
• Naphthalene Price Forecast suggests mild upside into autumn, contingent on construction demand and feedstock availability.
• Naphthalene Demand Outlook remains subdued overall, though seasonal construction and paint sector orders provided periodic support.
• Elevated inventories and competitive exports constrained the Naphthalene Price Index, limiting sharper domestic price appreciation.
• Major producers operated reliably without outages; intermittent port congestion intermittently influenced Naphthalene Spot Price movements.
Why did the price of Naphthalene change in September 2025 in Europe?
• Balanced domestic supply from coal-tar distillation coupled with seasonal construction demand produced modest net upward pressure.
• Rising crude and coal-tar derivative costs increased production cost trend, supporting firmer offers despite muted offtake.
• Port congestion and international export competition intermittently tightened spot availability while buyers managed inventories cautiously.
