12 November 2012 15:47 [Source: ICIS news]
Integrated domestic PE margins were assessed at 55.12 cents/lb ($1,215/tonne, €960/tonne) for LDPE and 43.71 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 9 November.
That represents a 0.7 cent/lb increase on average from a week earlier, using ethane as a feedstock. The higher margin was a result of 5.1% fall in ethane costs.
Integrated spot export LDPE margins rose by around 0.67 cents/lb, based on lower ethane costs, which outweighed a 1.5% reduction in co-product credits on lower spot propylene and pygas values.
Co-product credits are the price at which products such as propylene, butadiene (BD) and benzene, which are made along with ethylene in the cracking process, can be sold.
($1 = €0.79)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections