Asia and Middle Eastern Naphtha Daily Market Analysis / India’s IOC sells 35,000 mt of naphtha / Singapore naphtha inflows down 15.02% MOM

Aug 31, 2026

The Asian naphtha market saw selling activity from India Aug. 28, while Asia-based market participants continued to monitor developments in the Middle East. India’s IOC was heard to have sold 35,000 mt of naphtha for loading over Sept. 22-23 at a premium of around $139/mt to the Mean of and Petroleum Argus Arab Gulf naphtha assessments, FOB, five days around bill of lading, previously reported. Ship crossings through the Strait of Hormuz rebounded to a four-day high of 20 Aug. 26, according to an report Aug. 27. Visible transits through the Bab al-Mandab Strait fell to 31 ships Aug. 26 from a revised count of 41 Aug. 25, CAS data showed. This included 13 tankers. Brokers pegged the front-month September- October Mean of Japan swaps time spread at $28.25/mt in...

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