08 April 2013 20:08 [Source: ICIS news]
Integrated domestic PE margins were assessed at 62.86 cents/lb ($1,386/tonne, €1,067/tonne) for LDPE and 51.54 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 5 April. That represents a 0.6 cent/lb increase on average from a week earlier, using ethane as a feedstock.
Margins were higher on a 5.1% fall in ethane costs. Further gains were hindered by a 1.6% fall in co-product credits.
Integrated spot export LDPE margins fell by about 0.5 cents/lb as a 1 cent/lb fall in export prices outweighed the cheaper ethane costs.
($1 = €0.77)
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