17 December 2012 17:06 [Source: ICIS news]
HOUSTON (ICIS)--US ethylene margins increased by 6.1% in the second week of December on higher spot prices, the ICIS margin report showed on Monday.
The increase was mostly driven by spot prices increasing in response to an unexpected cracker outage in Texas.
US ethylene spot prices increased by 1.75-2.75 cents/lb week on week, ending at 53.50-54.25 cents/lb.
In addition, feedstock ethane costs fell to 9.99 cents/lb, a drop of 4.6% from the previous week’s price of 10.47 cents/lb.
Ethane cracker co-product credits were steady week on week, ending at 4.01 cents/lb.
US ethylene for the first quarter of 2013 was bid at 52 cents/lb on Monday, with no offers heard.
($1 = €0.76)
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