18 September 2012 15:43 [Source: ICIS news]
Integrated domestic PE margins were assessed at 54.90 cents/lb ($1,210/tonne, €920/tonne) for LDPE and 43.42 cents/lb for high density PE (HDPE) blow moulding in the week that ended on 14 September. That represents a 0.15 cent/lb increase on average from a week earlier, using ethane as a feedstock.
The margin bump was a result of a 2.5% drop in feedstock ethane costs. However, most of that benefit was outweighed by a 4.2% drop in cracker co-product credits caused by lower C4 values.
Integrated spot export LDPE margins also climbed by around 0.15 cents/lb, boosted by a decrease in feedstock costs.
($1 = €0.76)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections