China's Apr naphtha imports plunge 26.89%, as Mideast supply halts

Source: Mysteel May 21, 2026 09:26

With the Strait of Hormuz still blocked due to the U.S.-Iran conflict, Middle Eastern naphtha supply has been cut off, leading China's April naphtha imports to extend a downtrend.

China's naphtha imports continued to go downward in April. Due to the ongoing conflict and blockage in the Strait of Hormuz, naphtha supplies from the Middle East have been almost entirely cut off. China's naphtha imports fell sharply to 626,300 tonnes in April 2026, a month-on-month drop of 230,300 tonnes