Europe cracker margins fall as naphtha, LPG rise on US-Iran tensions

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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