17 December 2012 16:59 [Source: ICIS news]
Integrated domestic PE margins were assessed at 56.39 cents/lb ($1,243/tonne, €945/tonne) for LDPE and 45.00 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 14 December. That represents a 0.49 cent/lb increase on average, compared with last week's figures, using ethane as a feedstock.
The margin improvement was a result of a 4.6% fall in ethane feedstock costs, representing a new low since July 2002.
Integrated spot export LDPE margins fell by 0.48 cents/lb, as a 1 cent/lb weakening of export polymer prices outweighed the lower feedstock costs.
($1 = €0.76)
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