22 January 2013 16:05 [Source: ICIS news]
Integrated domestic PE margins were assessed at 56.56 cents/lb ($1,247/tonne, €935/tonne) for LDPE and 45.19 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 18 January. That represents a 0.78 cent/lb decrease on average from a week earlier, using ethane as a feedstock.
The margin erosion was a result of a 6.2% hike in ethane feedstock costs and a 2.0% drop in co-product credits.
Integrated spot export LDPE margins rose by about 1.28 cents/lb, based on a 2 cent/lb increase in export polymer prices.
($1 = €0.75)
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