06 August 2012 15:33 [Source: ICIS news]
HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) rose by 0.82% last week, following a slight decrease in feedstock ethane costs and a hike in co-product credits, the ICIS margin report showed on Monday.
Integrated domestic PE margins were assessed at 48.89 cents/lb ($1,078/tonne, €873/tonne) for LDPE and 37.42 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 3 August. That represents a 0.4 cent/lb increase on average from a week earlier, using ethane as a feedstock.
The margin improvement was a result of a 0.7% reduction in ethane feedstock costs and a 6.0% hike in co-product credits, according to the report.
Integrated spot export LDPE margins improved by 1.89 cents/lb, based on lower feedstock costs and higher export prices.
($1 = €0.81)
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