US LDPE margins essentially flat week on week

18 March 2013 14:50  [Source: ICIS news]

HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) were virtually unchnaged from the previous week, the ICIS margin report showed on Monday

Integrated domestic PE margins were assessed at 60.46 cents/lb ($1,333/tonne, €1,026/tonne) for LDPE and 52.62 cents/lb for high density PE (HDPE) blow moulding in the week that ended on 15 March. That represents a 0.05 cent/lb decrease on average from a week earlier, using ethane as a feedstock.

Margins were essentially flat on relatively flat ethane costs and co-product credits.  

Co-product credits are the price at which products such as propylene, butadiene (BD) and benzene, which are made along with ethylene in the cracking process, can be sold.

Integrated spot export LDPE margins were also virtually unchanged, with PE export prices flat.

 ($1 = €0.77)

By: Michelle Klump
+1 713 525 2653

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