26 November 2012 17:51 [Source: ICIS news]
HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) rose by 0.78% from the previous week, based on a decrease in ethane feedstock prices, which are at their lowest level since late June, the ICIS margin report showed on Monday.
Integrated domestic PE margins were assessed at 55.62 cents/lb ($1,226/tonne, €944/tonne) for LDPE and 44.25 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 23 November. That represents a 0.44 cent/lb increase on average from a week earlier, using ethane as a feedstock.
The margin boost was a result of a 3.1% fall in ethane feedstock costs, and a 1.5% improvement in co-product credits.
Integrated spot export LDPE margins rose by 0.45 cent/lb, based on the cheaper ethane prices.
($1 = €0.77)
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