01 October 2012 20:35 [Source: ICIS news]
HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) were relatively flat last week, as a slight decline in ethane costs was balanced by a slight rise in co-product credits, the ICIS margin report showed on Monday.
Integrated domestic PE margins were assessed at 55.64 cents/lb ($1,227/tonne, €957/tonne) for LDPE and 44.18 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 28 September. That represents a 0.03 cent/lb decrease on average from a week earlier, using ethane as a feedstock.
The flat margin was a result of a 0.3% drop in feedstock ethane costs, which was balanced by a slight rise in co-product credits.
Integrated spot export LDPE margins rose by around 1.5 cents/lb, boosted by a firming in export prices.
($1 = €0.78)
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