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)
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