03 June 2013 16:03 [Source: ICIS news]
HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) rose by 0.1%, following a slight drop in ethane costs, which was limited by a drop in co-product credits, the ICIS margin report showed on Monday.
Integrated domestic PE margins were assessed at 62.53 cents/lb ($1,379/tonne, €1,061/tonne) for LDPE and 51.23 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 31 May. That represents a 0.08 cent/lb increase on average from a week earlier, using ethane as a feedstock.
The margin increased based on a 2.0% fall in ethane costs, which was limited by a 3.9% fall in co-product credits.
Integrated spot export LDPE margins climbed by more than 2 cents/lb in line with increases in export polymer prices.
($1 = €0.77)
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.
|ICIS news FREE TRIAL|
|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|
Asian Chemical Connections