0 HTTP/1.1 200 OK Cache-Control: no-cache, must-revalidate, max-age=0 Cache-control: no-cache="set-cookie" Content-Type: text/html; charset=UTF-8 Date: Tue, 20 Nov 2018 19:17:05 GMT Expires: Wed, 11 Jan 1984 05:00:00 GMT Link: ; rel="https://api.w.org/" Referrer-Policy: strict-origin-when-cross-origin Server: nginx Set-Cookie: AWSELB=41FDC5C90C5698ADAEFB2A4868C4FE2C586FC062BB386A34424161CD682ED31EFB2964BD5C7D16509AC908EB0A308383BE7B410307679A6EE7DBB62A6B571DA59C1F16755F;PATH=/;MAX-AGE=30 X-Content-Type-Options: nosniff X-Frame-Options: SAMEORIGIN X-TEC-API-ORIGIN: https://www.icis.com/explore X-TEC-API-ROOT: https://www.icis.com/explore/wp-json/tribe/events/v1/ X-TEC-API-VERSION: v1 X-XSS-Protection: 1; mode=block transfer-encoding: chunked Connection: keep-alive 3bca Europe ethylene cracker margins fall on rise in naphtha, LPG costs - ICIS Explore

Europe ethylene cracker margins fall on rise in naphtha, LPG costs

Source: ICIS News


Arrow down. Source - Creativ Studio Heinemann, imageBROKER, REX, ShutterstockLONDON (ICIS)--European cracker margins have fallen week on week on the back of a rise in euro-denominated naphtha and liquefied petroleum gas (LPG) costs, ICIS margin analysis showed on Monday.

In the week to 15 September, naphtha costs rose by 3%, while those for LPG rose by 2%.

Contract naphtha-based margins fell 9% week on week as a result of the increase in naphtha costs as well as a 1% decline in co-product credits.

Spot naphtha-based margins fell by 4% week on week but co-products credits were up by 1%.

Spot naphtha-based margins are currently €72/tonne or 13% higher than those for contract.


Despite the drop in naphtha-based cracker margins, they remain at a premium to those for LPG with current analysis showing a 15% lead on the latter.

Contract cracker margins based on LPG feedstock were down 4% week on week. Co-product credits were flat.

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