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

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index