SE Asia ethylene margins rise, NE Asia margins fall

03 October 2016 22:00 Source:ICIS News

HOUSTON (ICIS)--Ethylene margins fell in Northeast Asia but rose in Southeast Asia during the week ended 30 September, the ICIS margin report showed on Monday.

While feedstock costs for ethylene production and co-product credits were down across the board, the difference in margin movement came from spot ethylene prices.

In NE Asia, spot values fell $63/tonne. In SE Asia, spot prices rose $7/tonne.

Naphtha-based ethylene margins in NE Asia fell by 1.4% to $709/tonne, while LPG-based margins fell by 3.2% to $668/tonne.

Feedstock costs were down by $35/tonne and $36/tonne for naphtha-based and LPG-based ethylene, respectively.

In SE Asia, naphtha-based ethylene margins rose 12% to $704/tonne and LPG-based ethylene margins rose 10% to $630/tonne.

Feedstock costs were down by $35/tonne and $37/tonne for naphtha-based and LPG-based ethylene, respectively.

By John Dietrich