02 April 2013 17:04 [Source: ICIS news]
HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) fell by about 1.1%, following an increase in ethane costs to their highest level since November 2012, the ICIS margin report showed on Tuesday.
Integrated domestic PE margins were assessed at 62.27 cents/lb ($1,373/tonne, €1,071/tonne) for LDPE and 50.95 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 29 March. That represents a 0.7 cent/lb decrease on average from a week earlier, using ethane as a feedstock.
Margins were lower on a 5.9% rise in ethane costs. Co-product credits were unchanged.
Integrated spot export LDPE margins fell by about 0.7 cents/lb on the higher ethane costs, as export PE prices were unchanged.
($1 = €0.78)
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