NE Asia ethylene margins up, SE Asia margins down

18 April 2017 21:13 Source:ICIS News

HOUSTON (ICIS)--Ethylene margins in Northeast Asia rose during the week ended 14 April on higher spot prices, while margins in Southeast Asia fell, the ICIS margin report showed on Monday.

Spot ethylene values in NE Asia rose $40/tonne week on week, enough to offset higher feedstock costs and weaker co-product credit values.

Spot ethylene in SE Asia rose $15/tonne week on week, not enough to offset higher feedstock costs and weaker co-product credit values.

Ethylene margins for naphtha-based product rose 2.2% in NE Asia and fell by 1.7% in SE Asia.

For LPG-based ethylene, margins in NE Asia rose 1.6% and fell by 3.4% in SE Asia.

Co-product credit values declined between $1-8/tonne across the two regions for naphtha-based and LPG-based ethylene.

Naphtha costs on an ethylene production basis rose $18/tonne in both regions, while LPG costs on the same basis rose by $29/tonne in both regions.

By John Dietrich