04 September 2012 16:13 [Source: ICIS news]
HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) rose by nearly 3.0% last week, following a decrease in feedstock ethane costs and a rise in co-product credits, the ICIS margin report showed on Tuesday.
Integrated domestic PE margins were assessed at 51.20 cents/lb ($1,129/tonne, €892/tonne) for LDPE and 39.70 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 31 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 9.0% fall in ethane feedstock costs and a 1.0% rise in co-product credits.
Integrated spot export LDPE margins also climbed by around 1.57 cents/lb, boosted by lower ethane costs.
($1 = €0.79)
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