28 May 2013 16:17 [Source: ICIS news]
HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) fell by 0.7%, following a slight increase in ethane costs and a drop in co-product credits, the ICIS margin report showed on Tuesday.
Integrated domestic PE margins were assessed at 62.45 cents/lb ($1,377/tonne, €1,060/tonne) for LDPE and 51.15 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 24 May. That represents a 0.43 cent/lb decrease on average from a week earlier, using ethane as a feedstock.
The margin decreased based on a 2.6% rise in ethane costs and a 0.7% dip in co-product credits.
Integrated spot export LDPE margins were down by around 0.44 cents/lb, based on the higher ethane costs, as well as the dip in co-product credits.
($1 = €0.77)
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