24 September 2012 15:33 [Source: ICIS news]
Integrated domestic PE margins were assessed at 55.65 cents/lb ($1,227/tonne, €945/tonne) for LDPE and 44.16 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 21 September. That represents a 0.75 cent/lb increase on average from a week earlier, using ethane as a feedstock.
The margin bump was a result of a 4.8% drop in feedstock ethane costs and flat co-product credits.
Integrated spot export LDPE margins also climbed by around 1.2 cents/lb, boosted by a decrease in feedstock costs and an increase in export prices.
($1 = €0.77)
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