Asia ethylene margins mixed based on feedstock

HOUSTON (ICIS)–Ethylene margins in Asia on a naphtha basis rose during the week ended 22 July, while LPG-based ethylene margins fell.

Spot prices fell in both regions, by $31/tonne in northeast Asia and by $15/tonne in southeast Asia, while feedstock naphtha costs fell by more than LPG costs.

In NE Asia, naphtha-based ethylene margins rose 0.7% to $737/tonne, while naphtha-based margins in SE Asia rose by 1.2% to $673/tonne.

Naphtha costs for ethylene production fell by $53/tonne in NE Asia and by $48/tonne in SE Asia.

Co-product credits for ethylene production in NE Asia fell $16/tonne, while costs fell by $15/tonne in SE Asia.

For LPG-based ethylene, NE Asia margins fell 2.6% to $775/tonne, and SE Asia margins fell by 1.6% to $672/tonne.

LPG costs for ethylene production fell $16/tonne in NE Asia, while co-product credits fell by $7/tonne.

In SE Asia, costs for ethylene production fell $16/tonne, while co-product credits fell by $12/tonne.