29 April 2013 17:17 [Source: ICIS news]
Integrated domestic PE margins were assessed at 62.22 cents/lb ($1,372/tonne, €1,056/tonne) for LDPE and 50.93 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 26 April. That represents a 0.2 cent/lb decrease on average from a week earlier, using ethane as a feedstock.
Average April margins are around 8% lower than those for March.
The margin fell based on a 1.6% rise in ethane costs, which outweighed a 1.1% rise in co-product credits.
Integrated spot export LDPE margins fell by about 0.16 cents/lb, based on the increase in ethane costs.
($1 = €0.77)
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