22 October 2012 16:20 [Source: ICIS news]
HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) fell by 1.4%, based on an increase in ethane costs and a fall in co-product credits, the ICIS margin report showed on Monday.
Integrated domestic PE margins were assessed at 54.32 cents/lb ($1,198/tonne, €922/tonne) for LDPE and 42.89 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 19 October. That represents a 0.75 cent/lb decrease on average from a week earlier, using ethane as a feedstock.
The lower margin was a result of a 4.6% rise in feedstock ethane costs, and a 2.3% fall in co-product credits, which were hit by lower pygas values.
Integrated spot export LDPE margins fell by around 3.5 cents/lb, based on lower export prices and higher feedstock costs.
($1 = €0.77)
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