Actionable insights to help you trade with conviction

Read the latest trading news, views and insights from Sparta’s team of experts.

11 April 2024

Red Sea arb too much for current European naphtha demand

4 April 2024

Is April the peak of naphtha markets’ bull run?

28 March 2024

Prompt NWE naphtha strength reopens Red Sea arb; Asia to remain unattractive for West-bound cargoes while USGC to buckle from Canadian demand loss

21 March 2024

Strong backwardation holds in Europe but only in the prompt, Asia well supplied while US faces challenging Q2

14 March 2024

Backwardation continues to exert pressure in a European market that is displaying increasing blending margins

7 March 2024

Asian market gains momentum for Q2 on surging petrochemical demand; European blending challenges in lower gas-nap and rising aromatic components

29 February 2024

European market continues to hit new highs on rising petrochemical demand, but gas-nap suggests gasoline demand could have already peaked

22 February 2024

Asia leads the uptrend and recent market movements suggest that a bottom has been reached

15 February 2024

Europe shows first signs of weakening despite higher petrochemical demand, while Asia keeps arb closed

8 February 2024

Supply issues, gas-nap, and strong US market drive naphtha into strong backwardation, tightening Q1 outlook

1 February 2024

E/W cools down after overreacting to attack on the Marin Luanda and facilities in Ust Luga and Tuapse; will current values be enough to pay for Asian arb needs?

25 January 2024

Asian market continues to rise as Cape of Good Hope alternative materialises, while gasoline demand keeps pushing for blending naphtha in Europe and Asia

18 January 2024

Naphtha market collapse in Asia due to urgency to cover the lack of Middle East product

11 January 2024

Balances keep tight and backwardation steepens, but the bottom looks close and US points to more exports in the coming weeks

5 January 2024

The New Year suggests a softer market as the East is set to pull less than December highs

21 December 2023

Asia keep pushing for more barrels but the end of Q1 looks less tight

14 December 2023

Asia market pushing for more arb supply while Europe shows initial signs of not following the trend

7 December 2023

Asian naphtha rally heats up Europe, but fundamentals still questionable going forward

30 November 2023

Asian bullishness drags Europe higher, but some supports still to reverse

23 November 2023

Prompt optimism continues but early signs of a correction emerge in Asia

16 November 2023

Cracks and spreads soar, stronger NY market, but blending demand support is set to fade

9 November 2023

Brent collapse boosts naphtha cracks while Panama delays impact Asian propane-nap spreads and eastbound arb prospects

2 November 2023

Crack rebound looks overdone on weak fundamentals outlook as physical premiums remain sluggish

27 October 2023

Timespreads plummeting in a weak market while E/W after big spike on geopolitical risk. Limited support from gasoline blending where octane values pull heavy naphtha premiums

19 October 2023

Cracks under pressure from strong crude, cheap propane, but rebounding gasoline helps take bearish edge off of Q4

13 October 2023

Spreads tumble though Asia remains in backwardation, Gas-Nap narrows as a potential demand side bright spot amid RBOB weakness

6 October 2023

Weak gasoline adds bearish pressure to naphtha demand for blending while E/W collapses after reaching $10/mt

28 September 2023

NYH blenders are increasing premiums in an effort to source products from a robust Europe in the physical market, despite a weaker trend on paper

22 September 2023

Europe leads the strength on the naphtha market while Asia pushes E/W as both compete for Mediterranean barrels

14 September 2023

US strength set to reverse flows in the prompt as NYH pulls European volumes and USGC shuts export avenues

7 September 2023

Asia holds on while Europe faces a challenging Q4 for open-spec naphtha

4 September 2023

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31 August 2023

Contango on the horizon as pricing turns to Q4 challenges

24 August 2023

Panama Canal demurrage leads to an unbalanced heavy market

18 August 2023

Backwardation softens as Russian flows to Asia pick up through August

10 August 2023

The naphtha market extends its summer gains with Asia continuing to lead the way

3 August 2023

Resurgent Asian demand drives the world to backwardation

26 June 2023

Is this another buy the dip moment?

20 June 2023

Strong gasoline or weak naphtha?

7 February 2023

Market coming off hard, but European Mogas comparatively well-supported

30 January 2023

Bullish overtones continue as gasoline market looks to spring

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