Margins shrink at US steam crackers as spot ethylene dips and ethane inch higher

US steam cracker operators saw margins shrink this week as spot ethylene prices moved lower and ethane prices inched higher, as per Platts. Spot ethylene fell three cents/lb on the week while spot ethane values gained roughly the same. This reduced steam cracker margins despite decent profits from ethane and E/P mix for operators. Based on Thursday's assessed ethylene price at 36 cents/lb and ethane at 56.50 cents/gallon, margins from E/P mix were at 14.19 cents/lb while margins from ethane fell roughly 5.2 cents and were at 11.09 cents/lb. Margins from propane fell approximately 8.69 cents and were at 2.83 cents/lb.
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