Chemical Updates

Asia and Middle Eastern Naphtha Daily Market Analysis / North Asian buyers seek naphtha for H2 Sep delivery / Kuwait Petroleum offers 70,000 mt naphtha for Sep 1-15 delivery

Aug 12, 2026

The Asian naphtha market on Aug. 11 saw a surge in spot activities as three buy tenders and one sell tender emerged while hopes for a quick US-Iran agreement faded. Market participants remained cautious amid the recent attack on vessels transiting the Strait of Hormuz. Some raised concerns that incremental volumes from ship-to-ship operations could be impacted, while others remained positive that those cargoes would still be able to flow despite heightened risk. An oil tanker affiliated with the UAE’s Abu Dhabi National Oil Co. was attacked by a missile by Iran while transiting the Strait of Hormuz, official state news agency WAM reported Aug. 8. ADNOC in a report on Aug. 7 said that 15 of its ships were attacked by missiles and drones while transiting the Strait of...

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