Thursday, July 14, 2011

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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