LONDON (ICIS)--European cracker margins have fallen on the back of a rise in upstream values due to US-Iran tensions, ICIS margin analysis showed on Monday.
In the week to 21 June :
- Naphtha values rose by 7%
- Liquefied petroleum gas (LPG) values rose by 12%
Naphtha-based contract margins fell by 11%, co-product credits were flat:
LPG-based contract margins fell by 7%, co-product credits were flat:
Contract margins by feedstock:
Spot margins by feedstock:
Naphtha-based spot margins dropped by 12%. US dollar-denominated spot prices were unchanged week on week.
Click here to visit the ICIS margins analytics website.
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