05 March 2013 16:04 [Source: ICIS news]
Integrated domestic PE margins were assessed at 60.68 cents/lb ($1,338/tonne, €1,030/tonne) for LDPE and 49.30 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 1 March. That represents a 0.7 cent/lb increase on average from a week earlier, using ethane as a feedstock.
The margin drop was a result of a 3.9% increase in ethane costs and a 3.2% fall in co-product credits. Ethane prices were at their highest level since November 2012.
Integrated spot export LDPE margins fell by about 0.6 cents/lb, based on the higher ethane costs and a 1.8% decrease in spot co-product credits.
($1 = €0.77)
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