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
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:
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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