Europe PP margins mixed on feedstock costs

Source: ICIS News


HOUSTON (ICIS)--Europe PP margins were mixed during the week ended 16 June on higher and lower feedstock costs, the ICIS margin report showed on Monday.

Integrated domestic PP margins based on naphtha rose by 1.4% as feedstock costs dropped for the fourth week in a row, down by 2.6%. Co-product prices fell 1.9%.

Domestic PP margins based on propane dehydrogenation (PDH) fell by 2.6% on the week as feedstock propane ended four straight down weeks by rising 4.6%.

Europe PP prices remained stable at €1,315/tonne, and the euro held steady against the dollar.