Naphtha CIF Japan

CIF Japan is the benchmark for naphtha across the Asia-Pacific region. The spot assessment reflects the value of a cargo of naphtha on a cash basis, excluding Russian-origin material. Russian origin is identified as not arriving on a ship controlled, operated or flagged by Russia, or where to the seller's best knowledge it has not been produced or blended with Russian produced molecules. It is assessed in half-month delivery slots and the assessment comprises the average of the fourth- and fifth-month cycle. The balmo and monthly assessments are Quantum's assessed value of contracts that are financially-settled against S&P Global Platts' average monthly assessment published on the calendar month in question.