US LDPE margins rise by 0.9% on decrease in ethane

13 May 2013 15:58  [Source: ICIS news]

HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) rose by 0.9%, following a slight decrease in ethane costs, the ICIS margin report showed on Monday.

Integrated domestic PE margins were assessed at 62.55 cents/lb ($1,379/tonne, €1,062/tonne) for LDPE and 51.23 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 10 May. That represents a 0.5 cent/lb increase on average from a week earlier, using ethane as a feedstock.

The margin improved based on a 3.9% decrease in ethane costs.

Integrated spot export LDPE margins rose by about 1.6 cents/lb, based on the decrease in ethane costs, as well as a 1 cent/lb increase in export prices.

($1 = €0.77)

By: Michelle Klump
+1 713 525 2653

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