HOUSTON (ICIS)--Asia ethylene margins rose for the second consecutive week across the board for the week ended 23 June, the ICIS margin report showed on Monday.
In Northeast Asia, naphtha-based ethylene margins rose by 12% week on week, while LPG-based margins rose by 14%.
In Southeast Asia, naphtha-based ethylene margins rose by 13% week on week, while LPG-based margins rose by 16%.
The biggest factor for higher margins was an increase in spot ethylene values, which rose by $30/tonne in NE Asia and $20/tonne in SE Asia.
Feedstock costs on an ethylene production basis were down across the board, with naphtha costs down by $42-43/tonne and LPG costs down by $37-38/tonne.
Co-product credit values were largely steady, with naphtha-based ethylene values down $5/tonne and LPG-based ethylene values flat to up $1/tonne.