19 November 2012 17:44 [Source: ICIS news]
HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) were virtually unchanged from the previous week, based on a slight decrease in ethane costs, which was counteracted by a slight increase in co-product credits, the ICIS margin report showed on Monday.
Integrated domestic PE margins were assessed at 55.19 cents/lb ($1,217/tonne, €949/tonne) for LDPE and 43.80 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 16 November.
That represents a 0.1 cent/lb decrease on average from a week earlier, using ethane as a feedstock.
The steady margin was a result of a 1.1% fall in ethane feedstock costs, which was countered by a 2.8% fall in co-product credits on lower crude C4 and pygas values.
Integrated spot export LDPE margins slipped by around 0.07 cents/lb, as lower co-product credits outweighed the lower ethane costs.
($1 = €0.78)
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