US ethylene margins fall 8.2% on higher ethane prices

23 April 2012 20:28  [Source: ICIS news]

HOUSTON (ICIS)--US ethylene margins fell 8.2% week on week, tracking more expensive feedstock ethane costs and lower ethylene spot prices, the ICIS margins report showed on Monday.

Ethylene margins for the week ended 20 April were assessed at 53.06 cents/lb ($1,170/tonne, €889/tonne), down from 57.80 cents/lb a week earlier, using ethane as a feedstock.

US spot ethylene prices dropped an average of 2.81 cents/lb, as assessed by ICIS, as supply improved on improved availability and stable demand.

Ethane prices also rose during the week, tracking higher demand as the US cracker turnaround season neared its end.

Prices for ethane ended 20 April at 51 cents/gal, as assessed by ICIS, up by 3 cents/gal from the week ended 13 April.

Co-product credits using ethane as a feedstock also dropped by less than 1% week on week.

($1 = €0.76)

By: John Dietrich

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