15 April 2013 16:47 [Source: ICIS news]
HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) fell by about 0.4%, following an increase in ethane costs and a softening of co-product credits, the ICIS margin report showed on Monday.
Integrated domestic PE margins were assessed at 62.43 cents/lb ($1,376/tonne, €1,046/tonne) for LDPE and 51.12 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 12 April. That represents a 0.2 cent/lb decrease on average from a week earlier, using ethane as a feedstock.
Margins were lower on a 0.6% increase in ethane costs, and a 2.2% softening of co-product credits.
Integrated spot export LDPE margins fell by about 0.3 cents/lb on a 3.2% decrease in spot co-product credits and the higher ethane costs.
($1 = €0.76)
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