Refined Products · Indicative Freight Rate
Naphtha Freight: Arab Gulf to Japan
The latest indicative rate is$119.27/mt for 4 September 2026, LR2. Daily history is below.
Latest freight rate
What This Rate Measures
Daily freight component for naphtha cargoes from Arab Gulf to Japan on LR2 tankers, in USD/mt, as used in the source’s netback tables.
Product tanker freight netbacks: Daily freight components used in product netback calculations for clean tankers on Asian and Gulf routes; expressed per barrel or per tonne of the named product.
- The Arab Gulf basis refers to loadings from refineries and terminals inside the Persian/Arabian Gulf (e.g. Saudi Arabia, UAE, Kuwait, Qatar), west of the Strait of Hormuz.
- Japan on a C+F basis means product delivered to Japanese discharge ports; the price includes freight from the loading area.
Known terms (as published)
- Origin: Arab Gulf
- Destination: Japan
- Cargo: Naphtha
- Lot size: LR2
- Rate unit: USD/mt; daily reading
Not published by the source
- Vessel identity
- Lot size (unless stated as LR1/LR2)
These terms are left blank rather than inferred.
Unit and cadence
- USD/bbl or USD/mt depending on the product; do not mix.
- Daily reading.
Daily Naphtha Freight Rates
Last 30 loaded daily observations. A different origin or lot size is a different page.
| Date | Rate | Weekly change (published) | Trend |
|---|---|---|---|
| 4 Sep 2026 | $119.27 | — | — |
| 3 Sep 2026 | $119.27 | — | — |
| 2 Sep 2026 | $121.75 | — | — |
| 1 Sep 2026 | $120.51 | — | — |
| 31 Aug 2026 | $120.51 | — | — |
| 28 Aug 2026 | $120.51 | — | — |
| 27 Aug 2026 | $120.51 | — | — |
| 26 Aug 2026 | $116.79 | — | — |
| 25 Aug 2026 | $116.79 | — | — |
| 24 Aug 2026 | $115.55 | — | — |
| 21 Aug 2026 | $111.83 | — | — |
| 20 Aug 2026 | $99.42 | — | — |
| 19 Aug 2026 | $97.56 | — | — |
| 18 Aug 2026 | $95.70 | — | — |
| 17 Aug 2026 | $94.46 | — | — |
| 14 Aug 2026 | $91.98 | — | — |
| 13 Aug 2026 | $91.36 | — | — |
| 12 Aug 2026 | $91.36 | — | — |
| 11 Aug 2026 | $86.39 | — | — |
| 7 Aug 2026 | $86.39 | — | — |
| 6 Aug 2026 | $86.39 | — | — |
| 5 Aug 2026 | $86.39 | — | — |
| 4 Aug 2026 | $85.03 | — | — |
| 3 Aug 2026 | $87.51 | — | — |
| 31 Jul 2026 | $87.51 | — | — |
| 29 Jul 2026 | $85.77 | — | — |
| 21 Jul 2026 | $87.02 | — | — |
| 20 Jul 2026 | $87.02 | — | — |
| 10 Jul 2026 | $90.74 | — | — |
| 7 Jul 2026 | $87.02 | — | — |
Computed Summary
Calculated by CommodityScope from the loaded daily readings only. Each statement names its period and method.
The latest rate of $119.27/mt on 4 Sep 2026 is unchanged from the previous daily assessment (3 Sep 2026).
Method: Computed by CommodityScope as the difference between the two most recent loaded daily observations (1 calendar day apart).
It is 19.1% above the August 2026 average of $100.12/mt, the most recent completed month with 20 daily observations.
Method: Arithmetic mean of the published daily midpoints in August 2026. Partial months are excluded from this comparison.
Over the loaded history (26 Jan 2026 – 4 Sep 2026), the highest rate was $121.75/mt on 2 Sep 2026 and the lowest was $41.12/mt on 13 Feb 2026.
Method: Minimum and maximum of the published rate over the loaded history (26 Jan 2026 – 4 Sep 2026, 124 observations). This is not an all-time record.
Monthly Naphtha Arab Gulf–Japan Averages
Average, minimum and maximum of published weekly rates in each calendar month. Incomplete latest months are marked month to date.
| Month | Average | Min | Max | Observations |
|---|---|---|---|---|
| September 2026Month to date | 120.20 | 119.27 | 121.75 | 4 |
| August 2026 | 100.12 | 85.03 | 120.51 | 20 |
| July 2026 | 86.56 | 80.81 | 90.74 | 7 |
| June 2026 | 71.65 | 60.96 | 85.77 | 18 |
| May 2026 | 73.65 | 60.96 | 85.77 | 17 |
| April 2026 | 93.83 | 88.26 | 98.18 | 18 |
| March 2026 | 74.78 | 65.93 | 91.98 | 20 |
| February 2026 | 45.66 | 41.12 | 52.28 | 17 |
| January 2026 | 52.69 | 51.04 | 53.52 | 3 |
Comparable Routes, Explained
- Naphtha Freight: Arab Gulf to Japan
Same route with a different lot size or vessel class (lot size not stated); per-tonne rates differ with vessel size.
$130.14 USD/mt · 4 Sep 2026 · difference (this − other) -10.87
- HSFO 180 Freight: Singapore to Japan
Same destination from Singapore (lot size not stated); the gap reflects voyage distance and origin-side conditions.
$25.41 USD/mt · 4 Sep 2026 · difference (this − other) +93.86
- Gasoline Freight: Singapore to Japan
Same destination from Singapore (lot size not stated); the gap reflects voyage distance and origin-side conditions.
$5.08 USD/bbl · 4 Sep 2026 · different units — no difference shown
- Naphtha Freight: Singapore to Japan
Same destination from Singapore (lot size not stated); the gap reflects voyage distance and origin-side conditions.
$43.20 USD/mt · 4 Sep 2026 · difference (this − other) +76.07
Related Product Tanker Rates
- Naphtha Freight: Arab Gulf to JapanNaphtha · $130.14 USD/mt
- Naphtha Freight: Singapore to JapanNaphtha · $43.20 USD/mt
- Gasoline Freight: Singapore to JapanGasoline · $5.08 USD/bbl
- HSFO 180 Freight: Singapore to JapanHSFO 180 · $25.41 USD/mt
- Gasoil Freight: Arab Gulf to SingaporeLR2 · $9.10 USD/bbl
- Kerosene Freight: Arab Gulf to SingaporeLR2 · $8.58 USD/bbl
- Gasoil Freight: Arab Gulf to SingaporeGasoil · $9.47 USD/bbl
- Gasoline Freight: Arab Gulf to SingaporeLR1 · $7.87 USD/bbl
What This Rate Represents
This is an indicative freight rate from loaded editions, not a live fixture. Origin, destination and vessel class stay as published. Terms the source does not disclose are left blank.
How to use
- Read with the FOB product prices at both ends of the route to understand the location differential.
Not suitable for
- Chartering: these are netback components, not fixtures.
Sources for the explanations on this page
- Loaded Asia-Pacific/Arab Gulf editions — netback table as printed
Numbers: loaded editions. Computed statistics: CommodityScope, from the loaded history (methodology).