24 June 2013 18:31 [Source: ICIS news]
Integrated domestic PE margins were assessed at 63.86 cents/lb ($1,408 /tonne, €1,070/tonne) for LDPE and 52.53 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 21 June. That represents a 0.39 cent/lb decrease on average from a week earlier, using ethane as a feedstock.
The margin decreased based on a 0.5% rise in ethane costs, as well as a 7.6% drop in co-product credits as a result of lower C4 values.
Integrated spot export LDPE margins fell by around 0.36 cent/lb on the higher ethane costs and a decline in co-product credits.
($1 = €0.76)
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