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Naphthalene Price Trend and Forecast

UNSPC code: 12352099
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âźł Weekly Update
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Historical Data Since 2015
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Forecast for 2026

naphthalene Price Trends by Country

cnChina
inIndia
twTaiwan
vnVietnam

Global naphthalene Spot Market Prices, Trend Analysis and Forecast

Naphthalene Price Trend Q3 2025

The global refined naphthalene market showed modest stability in Q3 2025, although regional differences were observed. The price of refined naphthalene fluctuated between 1-4% in the 2025 Q3 period, largely a function of stable feedstock costs, energy prices, and supply chain variations regionally.

While some increases and decreases in upstream factors were observed, demand stemming from the pharmaceutical, chemical, and textile sectors stabilized demand. Expanding production and regional supply chain variation can help stabilize prices in the next quarter.

China

Refined Naphthalene price FOB Shanghai, China, Industrial Grade.

Chinese refined naphthalene exports have dropped drastically by 3.63% in Q3 2025. Refined Naphthalene prices declined in China because of seasonal maintenance shutdowns at the coal-based processing units and existing restrictions on environmental regulations, which have constrained the availability of feedstocks for phthalic anhydride production.

The supply constraints and weakening demand from major importing countries led to a significant decrease in exports. Exporters are now faced with supply bottlenecks that inhibit their ability to respond to existing demand.

All these factors have caused a declining refined naphthalene price in China even with reduced demand from abroad. The refined naphthalene price in China was reported to have increased by 0.24% to 1048 USD/ton in September 2025.

Vietnam

Refined Naphthalene price CIF Haiphong, Vietnam, Industrial Grade.

Refined naphthalene imports to Vietnam in Q3 2025 experienced a decline of -2.21%. The price trend of refined naphthalene in Vietnam demonstrates a similar correlation, as China’s upstream feedstock limitations had constrained portfolio for exports.

Seasonal maintenance at coal processing units has lowered the availability of coal tar derivatives, which are an essential feedstock for the generation of phthalic anhydride, and has also impacted the export of refined naphthalene to Vietnam.

The monsoon season of Vietnam has also weakened construction activity and the demand of coating and resin materials. The seasonal weakness in demand, along with the uncertainty of supply, led to a conservative approach to imports, further extending the decreasing trend in intake of refined naphthalene imports into Vietnam. The price of refined naphthalene in Vietnam have declined a total of 0.46% in the month of September 2025, for a total of 1086 USD/ton.

India

Refined Naphthalene price in CIF Nhava Sheva, Ex Bhiwandi, India, Industrial Grade.

According to Price-Watch, in Q3 2025, India’s imports of refined naphthalene are seen to be suffering a considerable fall. Refined naphthalene price trend in India, CIF price from China and the Ex-Bhiwandi price saw drops of 4.16% and 4.41%, respectively.

On the supply side, several seasonal maintenance outages at coal processing units in China have hindered the availability of coal tar derivatives to procure phthalic anhydride. Consequently, the volume of refined naphthalene being exported to India has been constrained.

In India, the proceeding monsoon season has resulted in less construction and infrastructure activity, which has weakened the consumption of coatings and resins. In response, importers adopted a conservative business approach and purchased smaller volumes when required instead of holding working stock.

The compound of both feedstock restrictions and seasonal demand weakness are factors that compounded and weakened the Indian market in Q3 for refined naphthalene imports. On a September 2025 basis, refining naphthalene prices appeared to be increased by approximately 1.82% to 99,465 INR/ton CIF India which is up, whereas the Ex-Bhiwandi price fell by -6.41% to 85,800 INR/ton.

Naphthalene Price Trend Analysis: Q2 2025

According to the PriceWatch, Refined Naphthalene prices in China dropped to 1140 USD per MT, down 1.81 % from Q1. The Refined Naphthalene Price Trend turned mildly bearish due to lower seasonal demand from the construction and plastics segments. The Refined Naphthalene Market in India slowed as monsoon conditions disrupted activity and delayed shipments.

Vietnam showed cautious buying due to surplus inventories built in Q1. Refined Naphthalene prices faced pressure from reduced offtake across Asia. The Refined Naphthalene price index declined gradually with fewer long-term bookings from major buyers. The Refined Naphthalene Price Chart displayed a downward slope, especially during mid-May, reflecting softer sentiments.

Chinese coal tar availability stayed constant, but lower downstream utilization impacted procurement. Exporters adjusted offers to remain competitive in a weaker demand cycle. Overall, Q2 marked a seasonal cooldown in pricing and trading momentum, particularly influenced by regional weather disruptions and inventory adjustments in importing countries. 

In Q2 2025, according to PriceWatch Refined Naphthalene prices in India on a CIF basis inched up slightly to 1138 USD per MT, a 0.16 % increase from Q1. However, domestic Ex-Bhiwandi prices dropped to 1314 USD per MT, marking a 4.25 % decline. The stable import price reflected consistent offers from China, where FOB prices softened slightly.

Demand from Indian downstream industries slowed due to monsoon-related construction halts and reduced plasticizer consumption. The price correction in Bhiwandi was driven by high inventory carryovers and slower movement in local markets. Buyers became cautious, avoiding aggressive restocking amid weaker industrial sentiment. Meanwhile, Chinese suppliers maintained regular shipment volumes to India.

Feedstock coal tar availability in China stayed adequate, allowing exporters to hold competitive prices. Overall, Q2 showed mixed market behavior with steady import prices but visible domestic softening in India, particularly in Western regions affected by seasonal slowdown and limited industrial activity. 

In Q1 2025, refined naphthalene prices rose to 1035 USD, a steady 1.57% increase from the previous quarter. This reflects ongoing market recovery and stabilization, supported by balanced supply-demand dynamics. The growth is likely influenced by improved industrial activity, stable raw material costs, and favourable economic conditions, highlighting the market’s resilience and gradual progress. 

In Q1-2025, growth rates for CIF Nhava Sheva and EX Bhiwandi moderated but remained steady, averaging 3.09%. EX Bhiwandi led with stronger growth, showcasing resilience, while CIF Nhava Sheva contributed positively. Together, they ensured a stable and promising start to 2025. 

Naphthalene Price Trend Analysis: Q4 2024

In Q4 2024, refined naphthalene prices rose to 1019 USD a 2.31% increase from the previous quarter. This steady growth reflects market stabilization, sustained demand from industrial use, and improved supply chain conditions. Regional economic recovery and stable global energy prices likely supported this moderate yet healthy progression. 

Q4 2024 

Building on the recovery in Q3-2024, both CIF Nhava Sheva and EX Bhiwandi sustained growth in Q4-2024, achieving a combined average growth rate of 6.27%. EX Bhiwandi led the performance, while CIF Nhava Sheva maintained a steady upward trend. They wrapped up 2024 on a high note, setting themselves up for sustained progress as they move into 2025. 

In Q3 2024, refined naphthalene experienced a notable price surge, climbing to 996 USD—a sharp 11.78% rise compared to the preceding quarter. This significant recovery likely stemmed from rising seasonal demand, favorable market adjustments, and improved production efficiency. It signaled renewed market strength and resilience after earlier declines. 

The quarter witnessed a robust recovery, as both CIF Nhava Sheva and EX Bhiwandi achieved impressive double-digit growth rates. The combined average growth of 11.57% underscores a significant and encouraging turnaround, marking a pivotal moment of resurgence during the period. 

In Q2 2024, refined naphthalene prices dipped to 891USD, marking a more pronounced drop of 4.19% compared to the preceding quarter. This drop likely resulted from weakened demand, potential oversupply, and supply chain inefficiencies. External factors like economic challenges and global energy market instability may have further pressured prices, highlighting the market’s volatility. 

During this quarter, both CIF Nhava Sheva and EX Bhiwandi experienced a decline in performance, resulting in a combined negative growth rate of -2.29%. The drop was more pronounced for CIF Nhava Sheva, whereas EX Bhiwandi showed relatively better resilience. Overall, it was a challenging period for both locations. 

In Q1 2024, refined naphthalene prices dropped to 930 USD, a 1.69% decrease compared to the previous quarter. This decline may reflect reduced demand due to seasonal factors or industrial shifts, alongside minor supply chain disruptions. It marks the beginning of a period of market adjustment, setting the stage for future trends. 

During this period, both CIF Nhava Sheva and EX Bhiwandi demonstrated positive growth, with an average combined rate of 2.78%. EX Bhiwandi performed slightly better, leading the growth and highlighting its strength early in the year. This steady performance marked a promising start for both locations in 2024. 

Technical Specifications of Naphthalene Price Trends

Product Description

Refined naphthalene is a high-purity hydrocarbon compound, primarily used in the production of phthalic anhydride, dyes, and as a moth repellent. It is derived through the distillation of coal tar, which serves as its main feedstock. Its crystalline form and distinctive odor make it a key ingredient in various industrial and consumer products.

Identifiers and Classification:

  • CAS No – 91-20-3
  • HS Code – 29029040
  • Molecular Formula – C10H8
  • Molecular Weight[g/mol] – 128.174


Refined Naphthalene Synonyms:

• Naphthene


Refined Naphthalene Grades Specific Price Assessment:

• Industrial Grade Price Trend


Refined Naphthalene Global Trade and Shipment Terms

  • Quotation Terms (Product & Country Specific): 20-25 MT, 10-15 MT(India)
  • Packaging Type (Product & Country Specific): 50 kg bags

Incoterms Referenced in Refined Naphthalene Price Reporting

Shipping Term  Location  Definition 
FOB Shanghai  Shanghai, China  Refined Naphthalene Export price from China 
CIF Haiphong (China)  Haiphong, Vietnam  Refined Naphthalene import price in Vietnam from China 
CIF Nhava Sheva (China)  Nhava Sheva, India  Refined Naphthalene import price in India from China 
Ex Bhiwandi  Bhiwandi, India  Domestically Traded Refined Naphthalene price in Bhiwandi 

*Quotation Terms refers to the quantity range specified for the Refined Naphthalene being quoted or offered in a commercial transaction.

**Packaging Type refers to standard packaging size commonly used for Refined Naphthalene packing, ease of handling, transportation, and storage in industrial and commercial applications.

Refined Naphthalene Manufacturers

Manufacturer 
Shandong Aojin Chemical Technology Co., Ltd. 
Changzhou AoZun Composite Material Co., Ltd. 
Shandong Near Chemical Co., Ltd. 
Dongying Rich Chemical Co., Ltd. 
Shandong Baovi Energy Technology Co., Ltd. 
Shenyang Xingzhenghe Chemical Co., Ltd. 

Naphthalene Industrial Applications

Naphthalene Market Share End Use

Historically, several events have caused significant fluctuations in Naphthalene prices

  • Russia-Ukraine Conflict (2022): The Russia-Ukraine conflict has disrupted supply chains, significantly affecting the production and distribution of refined naphthalene, with Ukraine’s role as a transit hub severely impacted. This disruption has driven up prices, leading to higher costs for downstream manufacturers.  
  • COVID-19 Pandemic (2020): The COVID-19 pandemic created a complex environment for the refined naphthalene market, characterized by supply chain challenges, shifting demand, and increased price volatility. 
  • Geopolitical Tensions (2018-2019): the geopolitical landscape during this period created an environment of uncertainty, impacting both supply and demand for refined naphthalene and leading to shifts in market dynamics. 


These events underscore the Refined Naphthalene market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.

Why PriceWatch?

PriceWatch is your trusted resource for tracking global naphthalene price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the naphthalene market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.

In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence naphthalene prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely naphthalene market data.

Track PriceWatch's naphthalene price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Data Collection and Sources​

  • Real-Time Market Data: PriceWatch aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions. 
  • On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major Refined Naphthalene production hubs. This ground-level intelligence is crucial for understanding localized market dynamics. 
  • Supply Chain Monitoring: We track the entire Refined Naphthalene supply chain, from raw material availability (e.g. coal tar) to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics. 

Event Tracking and Impact Analysis​

  • Geopolitical Tensions: PriceWatch continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact Refined Naphthalene prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing. 
  • Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on Refined Naphthalene production facilities, particularly in vulnerable regions like the U.S. Gulf Coast. These events are factored into our price forecasts and supply outlooks. 
  • Economic Shifts: PriceWatch evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., automotive, packaging), to predict shifts in Refined Naphthalene demand and corresponding price movements.

Production Capacity and Supply Analysis

  • Current Production Monitoring: We maintain a comprehensive database of global Refined Naphthalene production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately. 
  • Future Capacity Projections: Our research includes detailed forecasts of upcoming Refined Naphthalene production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization. 

Demand Forecasting

  • Sectoral Demand Analysis: PriceWatch provides in-depth analysis of demand trends across key sectors, including packaging, automotive, and construction. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments. 
  • Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global Refined Naphthalene pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations. 

Pricing Model Development

  • Dynamic Pricing Models: PriceWatch utilizes advanced econometric models to forecast Refined Naphthalene prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power. 
  • Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes. 

Reporting and Client Support

  • Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations. 
  • Ongoing Support: PriceWatch offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice. 

 

This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable Refined Naphthalene pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Naphthalene Market Price Trend provided by PriceWatch is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for naphthalene. PriceWatch disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

When assessing the pricing of refined naphthalene, it’s important to look at several crucial factors. These include the cost of raw materials, particularly coal tar and petroleum derivatives, as well as fluctuations in crude oil prices. Additionally, transportation costs and any regulatory expenses can significantly impact overall pricing. Keeping an eye on market demand from key industries like chemicals, pharmaceuticals, and dyes is also essential, as these can drive prices up or down.

Feedstock availability, especially for coal tar and petroleum products, plays a vital role in determining refined naphthalene prices. If there are disruptions in production due to natural disasters, political issues, or import restrictions, prices can rise. Conversely, an oversupply or improvements in production efficiency can lead to lower prices. It’s wise for procurement heads to stay informed about feedstock market trends to better manage costs.

Prices for refined naphthalene can differ significantly across regions due to variations in feedstock availability, production capacities, and local demand dynamics. For instance, areas with abundant coal tar resources may offer more competitive pricing compared to regions reliant on imports. As a procurement leader, understanding these regional differences can help you optimize your sourcing strategies and identify cost-effective opportunities.

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