據ICIS網站5月12日倫敦報道 歐洲石腦油現貨價格從4月份的低點回升，原因是原油期貨價格上漲、煉油廠開工率下降、亞洲的某些需求拉動以及原料經濟有利于裂解裝置的消費率。

然而，在供應持續過剩和需求有限的情況下，6月初交貨的交易以兩位數的折扣成交，價格下行壓力依然存在。

周一市場感受到了這種壓力，6月上旬交貨的現貨價格收于208美元/噸（成本、保險加運費:僅限西北歐地區），低于上周的214-215美元/噸。

按周平均計算，ICIS數據顯示，由于煉油廠產量下降和裂解裝置消費率提高，價格比前一周上漲了40%。

一位主要的市場參與者表示，5月初萊茵河水位下降，限制了石腦油從阿姆斯特丹-鹿特丹-安特衛普（ARA）運往不同目的地的運輸量。

因此，石腦油庫存反彈至2019年8月以來的最高水平，原因是終端用戶需求低迷和遠期曲線大幅上漲。

王磊 摘譯自 ICIS

原文如下：

Source:

Europe naphtha prices rebound on Asia demand pull, crude but glut looms large

European naphtha spot prices have revived from April lows on the back of improving crude oil futures, falling refinery run rates, certain demand pull from Asia, and feedstock economics favouring consumption rates at crackers.

However, price downward pressure persists as deals are being concluded at double-digit discounts for early June deliveries amid ongoing supply glut and limited demand.

That pressure was felt on Monday, with spot prices closing at $208/tonne CIF (cost, insurance, freight) NWE (northwest Europe) for H1 June deliveries, down from last week's close at $214-215/tonne CIF NWE.

On a weekly average basis, ICIS data shows prices up 40% compared with the week prior amid falling refinery output and improved consumption rates at crackers.

Lower water levels on the River Rhine in early May restricted naphtha volumes leaving Amsterdam-Rotterdam-Antwerp (ARA) for various destinations, a major market player said.

As such, naphtha stocks rebounded to the highest since August 2019, prompted by low end-user demand and a steep contango in the forward curve.