The global Raffinate market exhibited a sluggish environment through the month of October 2025 despite increased availability. Weak crude and LPG fundamentals anchored the cost support levels experienced across China, India, and the United States. Refinery runs were steady across the key hubs, however, the quiet downstream markets and hesitant trading mentality led to a period of minimum activity. In China, sufficient availability and flat demand for MTBE kept trade slow. In the U.S. market, steady inventories and decent refinery run also helped to keep the markets stable. Across each region, oversupply along with a lack of sufficient buying momentum defined market activity. Traders have predominantly focused on doing term deals as they awaited better feedstock cues. Overall, the month of October demonstrated a period of consolidation for the global Raffinate market. This stabilization amid increased availability, weak demand fundamentals, and a cautious trading mentality kept markets stable but subdued, and set a cautious tone into the end of Q4, 2025.
In October ****, the global Raffinate market faced a slower market climate, which contributed to a somewhat cautious psychology across China, India, and the US. The weaker prices of crude oil and LPG did not provide support for service industries&#**; feedstock costs and profitability along the Raffinate value chain. Raffinate markets slowed collectively along the refining centers of Asia and the Gulf Coast of America where markets were stable for supply, but poor downstream consumption trends and slight trading momentum informed supply chain markets.
China experienced a decline in Raffinate FOB Qingdao by *.*** after a *.*** decrease in Naphtha, down to USD *** per tonne. Surplus supply and limited interest in blending products continued to press Raffinate prices downward while refiners returned to unchanged production runs. Mild delays with loading ships were noted at the Port of Qingdao over the two-day period but...
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