European contract cracker margins based on naphtha see sharp fall for second consecutive week

European contract cracker margins based on naphtha feedstock fell sharply for the second week in a row, following an 8.3% jump in upstream costs, according to ICIS. The contract margin fell by nearly €130/ton (US$186/ton) in the week ending 8 July because of an almost US$60/ton rise in naphtha prices, combined with a 1.

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