Europe cracker margins rise on lower naphtha, LPG

LONDON (ICIS)–European cracker margins have risen week on week as feedstock naphtha and liquefied petroleum gas (LPG) fell, according to ICIS margin analysis on Monday.

In the week to  23 May:

– Feedstock costs fell by 3% and 4% for naphtha and LPG respectively.

– Naphtha-based contract cracker margins rose by 10%, co-product credits were flat.

Naphtha-based contract margins

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LPG-based contract cracker margins increased by 5%, co-product credits were largely flat.

LPG-based contract margins

–Contract margins by feedstock

–Spot margins by feedstock:

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Spot naphtha-based margins increased by 3% week on week  on the back of naphtha’s cost decline as well as softer coastal ethylene spot prices.

Click here to visit the ICIS margins analytics website.

Thumbnail picture source: REX/Shutterstock

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