US LDPE margins rise by 1.3% on lower ethane

12 November 2012 15:47  [Source: ICIS news]

HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) rose by 1.3%, based on a fall in ethane costs, the ICIS margin report showed on Monday.

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)


By: Michelle Klump
+1 713 525 2653



AddThis Social Bookmark Button

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.

Printer Friendly

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