Asia ethylene margins fall on weaker spot ethylene

15 May 2017 20:47 Source:ICIS News

HOUSTON (ICIS)--Asian ethylene margins fell during the week ended 12 May, the ICIS margin report showed on Monday, tracking weaker spot ethylene values.

In Northeast Asia and Southeast Asia, spot ethylene values shed $40/tonne week on week.

In NE Asia, this put ethylene margins down 9.6% for naphtha-based ethylene and down by 6.4% for LPG-based ethylene.

In SE Asia, ethylene margins fell 13% for naphtha-based product and fell by 8.9% for LPG-based product.

In both regions, feedstock costs on an ethylene production basis rose by $36/tonne for naphtha and rose by $14/tonne for LPG.

Co-product credit values were mostly up in Asia, with increases of $5-10/tonne except for those for naphtha-based ethylene in NE Asia, which fell $7/tonne.

By John Dietrich