Higher spot, feedstock values keep ethylene margins steady

25 February 2013 16:14  [Source: ICIS news]

HOUSTON (ICIS)—US spot ethylene margins slipped by less than 0.1% week on week as a slight spot increase was balanced by higher feedstock costs, the ICIS ethylene margins report showed on Monday.

US spot ethylene margins for the week ended 22 February were assessed at 54.98 cents/lb ($1,212/tonne, €921/tonne) for material using ethane as a feedstock.

Margins were assessed at 54.99 cents/lb for the previous week.

US ethylene spot prices gained 0.25 cents/lb during the week, reversing a month-long downtrend.

Additionally, ethane cracker co-product values increased to 5.07 cents/lb from 4.92 cents/lb the previous week.

The gains in spot material and cracker co-product values were wiped out by higher feedstock costs.

US ethane prices increased to 11.34 cents/lb for the third week in February, compared with 10.92 cents/lb a week earlier.

($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