European cracker margins rise again as feedstocks values decline further

LONDON (ICIS)–European cracker margins have risen further on the back of soft naphtha and liquefied petroleum gas (LPG) values, ICIS margin analysis showed on Monday.

In the week to 7 June :

– Naphtha costs fell by 12%

– LPG costs fell by 11%

Naphtha-based contract margins rose by almost 18%, co-products credits were down by 6%.

Naphtha-based contract margins:

LPG-based contract margins rose by 6%, co-product credits fell by 4%.

LPG-based contract margins:

Contract margins by feedstock:

Spot naphtha-based margins increased by 15% despite an almost 6% drop in cost, insurance and freight (CIF) basis ethylene spot prices. Co-product credits were down by 3%.

Spot margins by feedstock:

Click here to visit the ICIS margins analytics website.

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