Europe cracker margins rise on lower naphtha, LPG

Author: Nel Weddle


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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