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NE Asia ethylene margins move up

Focus NE Asia crackers margins high on strong ethylene, soft naphtha

Focus story by Yeow Pei Lin and Felicia Loo

SINGAPORE (ICIS)--Northeast Asian cracker operators are enjoying strong margins of around or above $400/tonne this month on the back of weaker feedstock naphtha costs and strong ethylene spot prices, which are likely to stay high in months ahead, market participants said on Thursday.

Ethylene weekly spot prices rose to a multi-year high of $1,560-1,570/tonne CFR (cost & freight) NE (northeast) Asia in early August due to tight regional supply caused by several major cracker turnarounds in Japan, Taiwan and South Korea between mid-August and October, according to ICIS data.

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