22 April 2013 20:06 [Source: ICIS news]
HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) were virtually unchanged following a slight decrease in ethane costs and a softening of co-product credits, the ICIS margin report showed on Monday.
Integrated domestic PE margins were assessed at 62.42 cents/lb ($1,376/tonne, €1,046/tonne) for LDPE and 51.13 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 19 April. That represents a 0.01 cent/lb decrease on average from a week earlier, using ethane as a feedstock.
Margins were little changed after the benefit of a 1% decrease in ethane costs was essentially wiped out by a 2% softening of co-product credits.
Integrated spot export LDPE margins fell by about 3.06 cents/lb, based on a 3 cent/lb softening of spot export prices.
($1 = €0.76)
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