European naphtha-based cracker margins rise, LPG margins fall

Nel Weddle

11-Dec-2017

LONDON (ICIS)–European cracker margins based on naphtha feedstock have risen week on week, giving contract margins the advantage over those based on liquefied petroleum gas (LPG), according to ICIS margin analysis on Monday.

In the week to 8 December, euro-denominated naphtha costs fell by 1%.

Meanwhile, costs for LPG rose 2%.

Naphtha-based contract margins increased by 3%, while co-product credits were flat.

Naphtha-based spot margins rose by almost a quarter week on week.

The rise was due to 3% firmer spot prices, a rise of 2% in co-product credits, and the drop in naphtha costs.

LPG-based contract margins fell by 6% week on week, and co-product credits were flat.


Follow Nel Weddle on Twitter

READ MORE

Global News + ICIS Chemical Business (ICB)

See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry.

Contact us

Now, more than ever, dynamic insights are key to navigating complex, volatile commodity markets. Access to expert insights on the latest industry developments and tracking market changes are vital in making sustainable business decisions.

Want to learn about how we can work together to bring you actionable insight and support your business decisions?

Need Help?

Need Help?