Higher feedstock costs pull Europe PP margins down

摘要

HOUSTON (ICIS)--Integrated contract margins (naphtha) for Europe polypropylene (PP) fell for the second week in a row, dropping by 1.6% during the week ended 29 April on higher feedstock costs, the ICIS margin report showed on Tuesday. The feedstock cost rise was offset slightly by a 1.1% gain in co-product credits. PP prices remained steady.