PP margins for RGP, naphtha drop on higher feedstocks

Lane Kelley

05-Oct-2015

HOUSTON (ICIS)–Integrated US polypropylene (PP) margins for refinery-grade propylene (RGP) fell by 0.62 cents/lb, the ICIS PP Margin Report said on Monday.

The drop came as RGP prices rose by 0.63 cents/lb.

Integrated PP contract margins (naphtha) decreased by 0.54 cents/lb on 1.2% higher naphtha feedstock costs. Co-product credits also sank by 0.9% on lower butadiene and pygas values.

September naphtha-based contract margins have been revised downwards following the lower settlement of the ethylene contract price. September average margins are 3.39 cents/lb below August but Q3 margins are over 75% higher than Q2 figures.

 

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