30 July 2012 16:00 [Source: ICIS news]
Integrated domestic PE margins were assessed at 48.49 cents/lb ($1,069/tonne, €866/tonne) for LDPE and 37.03 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 27 July. That represents an 0.84 cent/lb increase on average from a week earlier, using ethane as a feedstock.
The margin improvement was a result of a 5.9% reduction in ethane feedstock costs, and a 2.2% reduction in co-product credits, according to the report.
Integrated spot export LDPE margins improved by 1.8 cents/lb, based on lower feedstock costs and a firming in export prices.
($1 = €0.81)
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