25 February 2013 20:13 [Source: ICIS news]
Integrated domestic PE margins were assessed at 61.38 cents/lb ($1,353/tonne, €1,028/tonne) for LDPE and 49.98 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 22 February. That represents a 0.2 cent/lb increase on average from a week earlier, using ethane as a feedstock.
The margin drop was a result of a 3.8% increase in ethane costs, which outweighed a 4.1% increase in co-product credits.
Integrated spot export LDPE margins fell by about 0.26 cents/lb, based on the higher ethane costs.
($1 = €0.76)
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