US ethylene margins in April rise 10% to 56.13 cents/lb

30 April 2012 22:00  [Source: ICIS news]

An ethylene crackerHOUSTON (ICIS)--US ethylene margins showed hefty gains in April, rising by 10% from March on increased ethylene spot prices and lower production costs, the ICIS margin report showed on Monday.

Ethylene margins for April averaged 56.13 cents/lb ($1,237/tonne, €940/tonne), using ethane as a feedstock, compared with 51.07 cents/lb in March and 31.78 cents/lb in April 2011.

The increase in April came as tight supply pushed ethylene spot prices to a record 76.125 cents/lb during the month, whereas ethane prices fell by 7% on weaker demand resulting from a number of cracker shutdowns in US.

Mont Belvieu ethane prices in April averaged 49.18 cents/gal, down from 52.87 cents/gal in March.

Meanwhile, ethylene spot prices for April averaged 71.59 cents/lb, up by 5% from 68.08 cents/lb in the previous month.

The increase in April puts year-to-date US ethylene margins at an average 48.07 cents/lb, nearly twice the 25.32 cents/lb assessed in January-April 2011.

US ethylene margins in January-April 2012 are also up by 75% compared with an average 27.47 cents/lb for the whole of 2011, the report showed.

($1 = €0.76)

For more on ethylene visit ICIS chemical intelligence
Follow William on Twitter


By: William Lemos
+1 713 525 2653



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index