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.
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