14 January 2013 20:20 [Source: ICIS news]
Integrated domestic PE margins were assessed at 57.05 cents/lb ($1,258/tonne, €943/tonne) for LDPE and 45.65 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 11 January. That represents an 0.85 cent/lb increase on average from a week earlier, using ethane as a feedstock.
The margin improvement was a result of a 7.3% fall in ethane feedstock costs and a 1.0% rise in co-product credits.
Integrated spot export LDPE margins rose by 2.42 cents/lb, based on a 1.5 cent/lb increase in export polymer prices.
($1 = €0.75)
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