July **** presented a multifaceted context for Raffinate merchants with supply fundamentals steady but price momentum struggling with raw material and downstream volatility. Raffinate, an essential gasoline blending stock and MTBE feedstock, is still garnering interest amid a struggle between consistent refinery output, naphtha cost volatility, and hesitant buying attitude.
While Raffinate supply remained robust with firm refinery runs and healthy Asian majors&#**; imports, increasing port congestion, and especially at China&#**;s Ningbo鈥揨houshan terminal where berth times increased more than ***, introduced new tension into delivery schedules. Traders felt the bite of these delivery delays, as much as outright shortages did not materialize. On the cost side, naphtha, one of the primary raw materials fueling Raffinate production鈥攅xperienced a modest price increase in July, goaded by volatile crude prices and constricted ethylene demand. This feedstock pressure provided gentle cost support to Raffinate prices,...
Leave a Comment
Comments (0)