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Ethylene-Naphtha Prices
• As of October 17, 2025, ethylene-naphtha spread is down by USD5.50 w/w to USD202/ton. Note that the
spread had increased by USD3.00 in the previous week.
• The deterioration in the spread has resulted from w/w decrease in ethylene (-4.2%) price.
• Note that the ethylene-naphtha spread had averaged at USD175.46/ton in 4Q24, USD217.19/ton in 3Q24,
USD141.65/ton in 2Q24 and USD183.8/ton in 1Q24. In 1Q25 ethylene-naphtha spread averaged
USD273.7/ton making it higher than all previous quarters of last year and 2Q25 (USD271.8/ton). Year to date
spread average stands at USD269.1/ton.
• Meanwhile the Platts Global Petrochemical Index, which measures global demand for petrochemical products,
down by 8.3% compared to the year-end index and below the 2024 average by 12.8%.
Global menkul. Ytd
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