China rolls out naphtha import quotas for 2026, sources say
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China has begun allocating naphtha import quotas for 2026, with key importers like Sinopec and CNOOC receiving significant volumes. Sinopec was allotted 2.52 million metric tons, while CNOOC received 2.11 million metric tons. The quota system, which regulates naphtha imports, is similar to that for crude and refined products. Foreign companies like Exxon Mobil and BASF are also expected to receive allocations. China imported approximately 15.44 million tons of naphtha in the first 11 months of this year, with a 2025 quota of about 24 million tons.
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