10 June 2013 15:19 [Source: ICIS news]
HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) rose by 0.9%, following a drop in ethane costs to their lowest level since late February, the ICIS margin report showed on Monday.
Integrated domestic PE margins were assessed at 63.11 cents/lb ($1,391/tonne, €1,057/tonne) for LDPE and 51.79 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 7 June. That represents a 0.6 cent/lb increase on average from a week earlier, using ethane as a feedstock.
The margin increased based on a 5.2% fall in ethane costs, which was limited by a 3.4% softening of co-product credits.
Integrated spot export LDPE margins climbed by around 0.6 cents/lb along with the lower ethane costs, and unchanged export prices.
($1 = €0.76)
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