29 October 2012 23:09 [Source: ICIS news]
HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) fell by 0.3%, based on a fall in co-product credits, which outweighed a slight drop in ethane costs, the ICIS margin report showed on Monday.
Integrated domestic PE margins were assessed at 54.15 cents/lb ($1,194/tonne, €919/tonne) for LDPE and 42.73 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 26 October. That represents a 0.2 cent/lb decrease on average from a week earlier, using ethane as a feedstock.
The lower margin was a result of a 5.9% fall in co-product credits, which outweighed a 0.8% fall in ethane costs.
Integrated spot export LDPE margins fell by around 0.1 cents/lb, based on lower co-product credits.
($1 = €0.77)
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