Europe integrated domestic polypropylene (PP) margins based on naphtha ended three straight weeks of decline by rising 9.4% as feedstock costs fell by 8.0%.
Additionally, cracker coproducts fell 1.8%.
Integrated domestic PP margins based on propane dehydrogenation (PDH) also ended three consecutive down weeks with an increase of 6.7% as feedstock costs fell by 7.4%.
Europe polypropylene prices remained unchanged at €1380/tonne.
Meanwhile, the euro edged up 0.8% against the US dollar. With naphtha feedstock priced in US dollars, weakness in the euro usually has a negative effect on margins, while a strengthening euro has a positive effect.