US ethylene margins increase 6.1% on higher spot prices

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.

Ethylene spot margins were assessed at 47.15 cents/lb ($1,039/tonne, €790/tonne), using ethane as a feedstock, up from 44.42 cents/lb a week earlier.

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)

By: John Dietrich

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly