07 May 2013 17:25 [Source: ICIS news]
Integrated domestic PE margins were assessed at 61.99 cents/lb ($1,367/tonne, €1,039/tonne) for LDPE and 50.70 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 3 May. That represents a 0.23 cent/lb decrease on average from a week earlier, using ethane as a feedstock.
The margin fell based on a 1.3% rise in ethane costs, and a 1.1% weakening of co-product credits.
Integrated spot export LDPE margins fell by about 0.2 cents/lb, based on the increase in ethane costs.
Average margins in April for integrated producers were among the highest on record, according to the ICIS margins report.
($1 = €0.76)
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