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.
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%.