25 June 2012 16:16 [Source: ICIS news]
Integrated domestic PE margins were assessed at 57.75 cents/lb ($1,273/tonne, €1,018/tonne) for low density polyethylene (LDPE) and 46.23 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 22 June. That represents a 0.6 cent/lb decrease from a week earlier, using ethane as a feedstock.
The margin decline was a result of a 2.0% increase in ethane feedstock costs and a 5.9% fall in co-product credits, according to the report.
Integrated spot export PE margins slipped by 0.6 cent/lb, based on higher ethane costs, the report states.
($1 = €0.80)
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