Asian ethylene margins drop on weaker co-products in thin market

09 October 2017 20:57 Source:ICIS News

HOUSTON (ICIS)--Asian ethylene margins fell during the week ended 6 October, tracking weaker co-product credit values amid a thin market, the ICIS margin report showed on Monday.

Much of the Asian petrochemical and energy sector away for holidays during the week.

As a result, spot ethylene values and feedstock costs – on an ethylene production basis – for naphtha and liquid petroleum gas (LPG) were assessed steady week on week.

Cracker co-product credits for naphtha-based ethylene fell $12/tonne in northeast Asia and $20/tonne in southeast Asia.

For LPG-based ethylene, cracker co-products fell $6/tonne in northeast Asia and $8/tonne in southeast Asia.

This pushed ethylene margins down by 1.6% in northeast Asia for naphtha-based ethylene and down by 1.0% for LPG-based ethylene.

In SE Asia, margins fell by 3.1% for naphtha-based ethylene and fell by 2.3% for LPG-based ethylene.

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By John Dietrich