US ethylene margins fall 12% as spot values continue plunging

11 June 2012 17:13  [Source: ICIS news]

US ethylene margins fall 12%HOUSTON (ICIS)--US ethylene margins fell by 12% on continued weakness in spot values and lower co-product prices, the ICIS margin report showed on Monday.

Ethylene margins were assessed at 30.77 cents/lb ($678/tonne, €542/tonne) in the week that ended on 8 June, down from 35.02 cents/lb a week earlier, using ethane as a feedstock.

US spot ethylene prices shed 4.25-6.50 cents/lb in the past week, tracking weaker demand and improved supply.

Ethane cracker co-product prices also fell, shedding 3.6% week on week as propylene values also dropped.

The fall in ethylene and co-product values came as US ethane prices peaked in the middle of the week before dropping on Friday.

US ethane prices on the NYMEX ended 8 June at 30.88 cents/gal, up by 4.0% from prices of 29.68 cents/gal on 1 June.

By: John Dietrich

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