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Naphtha prices in the US strengthened through March as a succession of logistics disruptions and robust downstream consumption tightened available barrels. Early March saw Strait of Hormuz closures push buying interest toward Naphtha US FOB volumes, while mid-month seizures of Venezuelan crude further narrowed alternative feedstock inflows. Meanwhile, booming domestic e-commerce kept packaging-plastic output high and industrial buyers in Mexico and Colombia pulled additional cargoes. In contrast, fuel blending demand softened late in the month as remote-work patterns and transport initiatives weighed on gasoline blending. These mixed forces left the Naphtha market on a firm footing heading into the final weeks of March.
Sector dynamics underpin the price move, with packaging鈥損lastics demand proving the strongest support for US FOB volumes. Naphtha FOB Texas averaged $***/MT in March ****, up notably from a prior reference of $***/MT, reflecting reallocated refinery barrels into petrochemical and packaging...
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