07 January 2013 20:13 [Source: ICIS news]
HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) fell by 0.3% from the previous week, the ICIS margin report showed on Monday.
Integrated domestic PE margins were assessed at 55.38 cents/lb ($1,221/tonne, €928/tonne) for low density polyethylene (LDPE) in the week that ended on 4 January. That represents a 0.18 cent/lb decrease on average from a week, earlier using ethane as a feedstock.
Average margins for December 2012 were the highest since April 2012, based on low ethane costs, the report said. Also, average margins for the fourth quarter of 2012 were the highest since ICIS margins records began on 2000, with ethane costs the fourth lowest on record, according to the report.
($1 = €0.76)
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