03 December 2012 16:09 [Source: ICIS news]
HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) fell by nearly 2% from the previous week, based on a decrease in domestic polymer prices, which outweighed a drop in ethane costs, the ICIS margin report showed on Monday.
Integrated domestic PE margins were assessed at 54.52 cents/lb ($1,202/tonne, €926/tonne) for LDPE and 43.16 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 30 November. That represents a 1.10 cent/lb decrease on average from a week earlier, using ethane as a feedstock.
The margin decline was a result of a 2 cent/lb drop in domestic PE prices, which outweighed a 7.0% fall in ethane feedstock costs to their lowest level since August 2002.
Integrated spot export LDPE margins rose by 0.9 cent/lb, based on the cheaper ethane prices.
($1 = €0.77)
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