10 September 2012 15:45 [Source: ICIS news]
HOUSTON (ICIS)--US margins for low density polyethylene (LDPE) rose by more than 7.1% last week, following an increase in domestic polymer prices, the ICIS margin report showed on Monday.
Integrated domestic PE margins were assessed at 54.76 cents/lb ($1,207/tonne, €941/tonne) for LDPE and 43.27 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 7 September. That represents a 3.65 cent/lb increase on average from a week earlier, using ethane as a feedstock.
The margin bump was a result of a 4.5 cent/lb rise in domestic polymer prices, which outweighed a 5.1% rise in ethane feedstock costs and a 2.2% decrease in co-product credits.
Integrated spot export LDPE margins also climbed by around 2.67 cents/lb, boosted by a rise in export polymer prices.
($1 = €0.78)
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