US ethylene margins fall 3.1% on higher ethane costs

08 October 2012 17:07  [Source: ICIS news]

HOUSTON (ICIS)--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 Dietrich

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