06 November 2012 15:58 [Source: ICIS news]
Integrated domestic PE margins were assessed at 54.42 cents/lb ($1,200/tonne, €936/tonne) for LDPE and 43.01 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 2 November. That represents a 0.3 cent/lb increase on average from a week earlier, using ethane as a feedstock.
The higher margin was a result of a 2.2% fall in ethane costs and a 0.6% increase in co-product credits.
Integrated spot export LDPE margins fell by around 1.65 cents/lb, based a drop in export prices, which outweighed a drop in feedstock prices.
($1 = €0.78)
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