Average October cracker margins assessed at Eur92.88/mt ($128.574/mt) on Thursday were down 45% from the September's average of Eur167.77/mt ($216.44/mt). Compared to the August average of Eur183.91/mt ($240.44/mt) October was down by almost 50%.
The average naphtha price was assesed at $756/mt Thursday for October, up 11% on September's average and up 14% on the August average.
"Month-on-month increases in naphtha are indenting our margins. We are looking to increase our ethylene contract prices for November," an ethylene producer said.
Ethylene contract prices are still under negotiation and yet to be confirmed for the month of November. The NWE October ethylene contract settled at Eur950/mt FD NWE.
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