On January 29, Shangneng Petrochemical's hydrogenated naphtha was quoted at 6,850 yuan/ton, with the price increasing by 30 yuan/ton compared to the previous pricing day, and the company's shipments were normal. PriceSeek's analysis of naphtha, with a long-short score of 1.5, indicates that the price of Shangneng Petrochemical's hydrogenated naphtha increased by 30 yuan/ton to 6,850 yuan/ton, with normal company shipments, suggesting robust market demand or tightening supply, providing positive support for naphtha spot prices. The price increase reflects improved market supply and demand, with favorable factors dominating. However, the magnitude of the increase is moderate and does not reach a significant favorable level. A score of +1.5 indicates a significant positive impact, and it is expected that spot prices may continue to rise in the short term.
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