15 October 2012 15:46 [Source: ICIS news]
HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) rose by 0.69%, as a reduction in ethane costs outweighed a fall in co-product credits, the ICIS margin report showed on Monday.
Integrated domestic PE margins were assessed at 55.07 cents/lb ($1,214/tonne, €935/tonne) for LDPE and 43.64 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 12 October. That represents a 0.37 cent/lb increase on average from a week earlier, using ethane as a feedstock.
The improved margin was a result of a 3.6% drop in feedstock ethane costs, which offset a 2.5% fall in co-product credits.
Integrated spot export LDPE margins rose by around 0.4 cent/lb, as lower ethane costs outweighed a reduction in co-product credits.
($1 = €0.77)
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