19 February 2013 18:15 [Source: ICIS news]
HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) rose by 0.8% from the previous week, based on lower feedstock ethane costs and an increase in co-product credits, the ICIS margin report showed on Tuesday.
Integrated domestic PE margins were assessed at 61.58 cents/lb ($1,358/tonne, €1,018/tonne) for LDPE and 50.19 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 15 February. That represents a 0.5 cent/lb increase on average from a week earlier, using ethane as a feedstock.
The margin improvement was a result of a 1.8% fall in ethane costs and a 5.8% rise in co-product credits on higher crude C4 and pygas values.
Integrated spot export LDPE margins rose by about 0.37 cents/lb, as based on the lower ethane costs and improvement in co-product credits.
($1 = €0.75)
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