20 August 2012 15:52 [Source: ICIS news]
HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) rose by 3.1% last week, following a decrease in feedstock ethane costs and an increase in co-product credits, the ICIS margin report showed on Monday.
Integrated domestic PE margins were assessed at 49.45 cents/lb ($1,090/tonne, €883/tonne) for LDPE and 37.95 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 17 August. That represents a 1.47 cent/lb increase on average from a week earlier, using ethane as a feedstock.
The margin bump was a result of a 7.5% fall in ethane feedstock costs and a 2.5% increase in co-product credits.
Integrated spot export LDPE margins climbed by around 3.46 cents/lb, boosted by higher export prices.
($1 = €0.81)
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