US ethylene margins fall 3.1% on higher ethane costs
08 October 2012 17:07 [Source: ICIS news]
HOUSTON (ICIS)--?xml:namespace>US ethylene margins for the first week in October fell by 3.1% on higher feedstock ethane costs, the ICIS margin report showed on Monday.
Ethylene margins were assessed at 47.39 cents/lb ($1,045/tonne, €805/tonne), using ethane as a feedstock, down from 48.90 cents/lb a week earlier.
The fall was mostly attributed to higher ethane costs, which increased to 14.12 cents/lb from 13.47 cents/lb a week earlier.
Also, ethane cracker co-product values fell to 4.39 cents/lb from 4.62 cents/lb during the week.
Spot ethylene prices tightened during the week but were lower on average by 0.625 cent/lb, ending at 57.0-57.5 cents/lb on 5 October.
($1 = €0.77)By: John Dietrich713-525-2600
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.