US PE margins increase 1.2% on lower feedstock costs

18 June 2012 15:50  [Source: ICIS news]

HOUSTON (ICIS)--US polyethylene (PE) margins rose by 1.2% last week, following a drop in feedstock ethane costs, the ICIS margin report showed on Monday.

Integrated domestic PE margins were assessed at 58.39 cents/lb ($1,287/tonne, €1,017/tonne) for low density polyethylene (LDPE) and 46.83 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 15 June. That represents a 0.7 cent/lb increase from a week earlier, using ethane as a feedstock.

The margin boost was a result of a 5.6% drop in ethane feedstock costs to their lowest level since late 2002.

Integrated spot export PE margins increased by 0.8 cents/lb, based on cheaper ethane costs, the report states.

($1 = €0.79)

By: Michelle Klump
+1 713 525 2653

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