On January 14, the CFR Japan price of naphtha was $560.25 per ton, and the ethylene-naphtha processing spread was -$85.25 per ton, an increase of $1.00 per ton compared to the previous period. PriceSeek analysis of naphtha: Bull-bear score: 0.5. The ethylene-naphtha processing spread increased by $1.00 per ton to -$85.25 per ton, narrowing the loss. This may stimulate demand for ethylene production, thereby boosting spot demand for naphtha and providing slight positive support for its price.

Ethylene analysis: Bull-bear score: 1. The improvement in the processing spread indicates reduced losses in ethylene production, reflecting optimized market supply-demand conditions or eased cost pressures, which has a generally positive impact on the spot price of ethylene.