• 17 de noviembre de 2025
  • Market: Chemicals

Ethane-based crackers, long considered the most economical, are now facing rising feedstock costs, while naphtha units benefit from lower crude prices. The Argus-modelled steam cracker cost curve reveals that Middle Eastern naphtha crackers now outperform some ethane-importing units, narrowing the cost gap between light and heavy feedstocks. As global capacity continues to outpace demand, cost position is becoming a critical factor in rationalisation decisions, placing pressure on older, less efficient units.

Download the paper to:

  • Understand how rising ethane prices are reshaping global cost curves
  • Explore regional shifts in cracker competitiveness across feedstock types
  • Gain insight into the impact of energy market assumptions on production economics
  • Assess which units face closure risk as cost pressures intensify

 

This paper draws on insight from Argus’ Light Olefins services, including Argus Ethylene, Argus Olefins Outlook, Argus Ethylene Analytics, and Argus Consulting. For more information, please click here: https://view.argusmedia.com/argus-light-olefins-services

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As a leading authority on energy and commodity markets across the globe, Argus is uniquely positioned to provide in-depth analysis and expert thought leadership. Our white papers are carefully written by Argus specialists from across our company. Each white paper focuses on a topical theme, exploring areas such supply and demand dynamics, price trends, trading activity and changing regulations. We always aim to provide a balanced view, underpinned by data and insight gathered first hand from the market.