US ethylene margins move slightly higher week on week

25 March 2013 16:23  [Source: ICIS news]

SAN ANTONIO (ICIS)--US ethylene margins moved 0.4% higher for the week ended 22 March, the ICIS margin report showed on Monday.

US ethylene margins moved to 56.59 cents/lb ($1,248/tonne, €961/tonne) for spot material using ethane as a feedstock.

Margins were at 56.35 cents/lb for the week ended 15 March, according to the report.

The increase in ethylene margins was mostly driven by spot prices moving slightly higher on increasing demand from the US polyvinyl chloride (PVC) market.

US spot ethylene prices increased by 0.50-1.75 cents/lb week on week.

The gain in spot prices outweighed higher feedstock ethane costs and a decrease in cracker co-product values.

US ethane costs increased to 12.49 cents/lb from 11.79 cents/lb a week earlier.

Cracker co-product credits fell to 4.70 cents/lb from 4.89 cents/lb a week earlier.

($1 = €0.77)


By: John Dietrich
713-525-2600



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