NewsSignals AI analysis·Reuters·Oct 30, 2026

Naphtha prices rally to six-month high; gasoline crack near March lows

Grade Abullish AI signal$BRENT

Asian naphtha prices surged to a six-month high of $1,115.50 per metric ton as a tanker attack in the Strait of Hormuz reignited concerns over regional supply disruptions. The naphtha price gained $30 per ton, while the gasoline crack more than halved to $10.53 per barrel over Brent, its lowest level since March 2. Japanese buyers paid high premiums for December naphtha cargoes, while China's latest fuel export quotas added pressure to gasoline margins. Further shipping disruptions could push naphtha prices higher, while weaker gasoline cracks may continue to pressure refining margins.

Bullish strength: 65/100

Asian naphtha reached a six-month high of $1,115.50 per metric ton.
The Strait of Hormuz tanker attack renewed concerns about supply disruptions.
Japanese buyers purchased December cargoes at high premiums.

Bearish strength: 35/100

The gasoline crack fell to $10.53 per barrel, its lowest level since March 2.
China issued a rare fourth batch of fuel export quotas, adding pressure to gasoline margins.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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