January 26th News: According to customs data, China's naphtha imports in December 2025 amounted to 1.3519 million tons, a decrease of 369,300 tons from the previous month, representing a decline of 21.46%. The cumulative imports from January to December 2025 totaled 16.8318 million tons, an increase of 4.6806 million tons compared to the previous year, marking a growth of 38.52%. Chempricehub Analysis on Naphtha, Bull-Bear Score: 1 Based on the December 2025 customs data, naphtha imports decreased significantly by 21.46% month-on-month (a reduction of 369,300 tons), indicating a tightening of supply in the short term, which may drive up spot prices. Although the cumulative import growth of 38.52% for the full year reflects ample long-term supply, the recent decline in imports has reinforced market expectations of supply tightness, supporting upward price trends. Therefore, a generally positive score is assigned. No relevant futures data is involved in this analysis, with the focus solely on the impact on the spot market.