Asian Naphtha Crisis: PCS Force Majeure

Asia and Middle Eastern Naphtha Daily Market Analysis / Singapore’s PCS declares force majeure amid supply disruptions / Several Middle East plants cut runs: sources

Jun 03, 2026

The Asian naphtha market remained firm on March 6 amid concerns about supply disruptions from the Middle East conflict, which adversely impacts downstream petrochemical markets. Brokers pegged the balance-month March-April Mean of Japan swaps time spread at $40/mt in midafternoon Asian trading March 6, 75 cents/mt wider from the previous Asian close. Aside from South Korea’s YNCC and Indonesia’s Chandra Asri, Singapore’s PCS has declared force majeure on March 5 due to disruptions to maritime transportation and the supply chain amid the conflictin the Middle East, according to a notice to customers seen by . PCS supplies mainly ethylene, propylene, acetylene, butadiene, 1-butene, MTBE and benzene. When contacted by , PCS said it does not comment on or disclose the specific operational status of its plants and facilities. However, the...

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