US ethylene margins up 0.4% on higher spot prices

03 May 2011 19:55  [Source: ICIS news]

HOUSTON (ICIS)--US ethylene margins rose by 0.4% in the last week of April following an increase in ethylene spot prices, the ICIS margin report showed on Tuesday.

Spot ethylene for April traded in a range of 64.50 cents/lb ($1,422/tonne, €953/tonne) and 65.75 cents/lb in the week ended 29 April, up from 60.00-65.50 cents/lb a week earlier, on constrained supply and higher feedstock prices.

Ethylene for May delivery was transacted at 63.75-65.50 cents/lb, up from 62.00-65.25 cents/lb in the previous week.

The increase in spot prices last week put margins at 30.45 cents/lb, up from 30.32 cents/lb a week earlier, using ethane as a feedstock.

Spot ethylene remained on an uptrend this week, as the monomer traded at 66.50 and 66.75 cents/lb for May delivery on Tuesday.

Meanwhile, ethane was assessed at 87.00-88.50 cents/gal, up from 86.00 cents/gal on Friday.

($1 = €0.67)

For more on ethylene visit ICIS chemical intelligence

By: William Lemos
+1 713 525 2653

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