26 March 2013 14:03 [Source: ICIS news]
HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) fell by about 1.7%, following an increase in ethane costs and a drop in co-product credits, the ICIS margin report showed on Tuesday.
Integrated domestic PE margins were assessed at 59.45 cents/lb ($1,311/tonne, €1,022/tonne) for LDPE and 51.64 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 22 March. That represents a 1 cent/lb decrease on average from a week earlier, using ethane as a feedstock.
Margins were lower on a 6% rise in ethane costs and a 4% drop in co-product credits. Co-product credits fell on lower crude C4 and pygas values.
Integrated spot export LDPE margins fell by about 2 cents/lb on the higher ethane costs, as well as a 1 cent/lb fall in export LDPE prices.
($1 = €0.78)
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