14 February 2011 21:39 [Source: ICIS news]
HOUSTON (ICIS)--US ethylene margins were down in the second week of February, pressured mostly by an increase in feedstock prices, the ICIS margin report showed on Monday.
Mont Belvieu ethane prices on Friday were at 65 cents/gal, up from 52 cents/gal a week earlier.
Ethylene margins also fell because of a small drop in average spot prices for the monomer.
February ethylene traded last week at 44.25-48.50 cents/lb, down on average by 0.5% from 46.00-47.25 cents/lb the previous week.
Ethylene bid/offers for February were at 48.375-50.000 cents/lb on Monday.
Meanwhile, ethane prices shot up to 72.50 cents/gal on continued concerns over supply shortages caused by the fire at Enterprise.
($1 = €0.74)
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