HOUSTON (ICIS)--Asia ethylene margins were up for (liquefied petroleum gas) LPG-based product and split for naphtha-based product, the ICIS margin report showed on Monday.
In northeast (NE) Asia, LPG-based ethylene margins rose by 3.8%, and in southeast (SE) Asia they rose by 3.1%.
For naphtha-based ethylene, margins were flat in NE Asia and fell by 2.2% in SE Asia.
Values increased along the chain in both regions, with feedstock costs outweighing other gains for naphtha-based ethylene.
Feedstock costs on an ethylene production basis surged for naphtha-based ethylene increasing by $123-124/tonne, while LGP costs on the same basis rose by $72-73/tonne.
Spot ethylene prices rose by $40/tonne in NE Asia and by $35/tonne in SE Asia. Cracker co-product credits rose by $73-83/tonne for naphtha-based ethylene and rose by $52-56/tonne for LPG-based ethylene.