Naphtha
Naphtha is primarily derived from crude oil during the refining process and is commonly used as a feedstock in the production of petrochemicals, such as plastics, synthetic rubber, and chemicals. It is also used as a component in the manufacturing of gasoline and as a solvent in various industries. Naphtha trading is subject to regulations, environmental standards, and safety protocols. Traders must adhere to these regulations to ensure safe handling and transportation.
Naphtha supply and demand dynamics are influenced by the petrochemical industry, which is the primary consumer. The trading market is closely tied to the production and consumption of petrochemical products. Naphtha comes in various grades and specifications, which must meet industry standards and regulations. Traders ensure that the quality of naphtha complies with the needs of their customers.