Europe naphtha-based cracker margins up, LPG margins fall – Europe naphtha based cracker

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Europe naphtha-based cracker margins up, LPG margins fall

Source:ICIS News

Europe naphtha based cracker

LONDON (ICIS)–European naphtha based cracker margins have risen week on week, but margins based on liquefied petroleum gas (LPG) feedstock have fallen, according to ICIS margin analysis on Monday.

In the week to 8 September, naphtha-based contract and spot cracker margins both rose by 4%.

Euro-denominated naphtha costs were flat but support came from co-product credits, which rose by 2% and 3% for contract and spot margins respectively.

Europe naphtha based cracker Euro-denominated LPG costs rose 1% week on week.

A 1% gain in co-products credits was supportive to some extent but LPG-based contract cracker margins fell by 2%.

Europe naphtha based cracker

By Nel Weddle