US LDPE margins improve on feedstock cost decline

17 December 2012 16:59  [Source: ICIS news]

HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) rose by 0.88% from the previous week, based on lower ethane costs, the ICIS margin report showed on Monday.

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)


By: Michelle Klump
+1 713 525 2653



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