On February 2, the price of hydrogenated naphtha from Lanqiao Petrochemical was reported at 6,820 yuan/ton, a decrease of 50 yuan/ton compared to the previous adjustment. The company's shipments were normal. PriceSeek's analysis of naphtha indicates a bearish sentiment score of -1. The reduction in the quoted price of hydrogenated naphtha from Lanqiao Petrochemical by 50 yuan/ton to 6,820 yuan/ton suggests ample market supply or weak demand, which is bearish for spot prices. While the company's shipments remain normal, the price decline may intensify market pessimism and affect short-term confidence in the spot market.
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