08 July 2013 22:33 [Source: ICIS news]
Integrated domestic PE margins were assessed at 63.77 cents/lb ($1,406 /tonne, €1,097/tonne) for LDPE and 54.41 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 5 July. That represents a 0.07 cent/lb decrease on average from a week earlier, using ethane as a feedstock.
Contract standalone margins for April, May and June were revised upwards following the triple settlement of the ethylene contract price. Average standalone margins for the second quarter of 2013 are the highest since ICIS records began in 2000.
The PE margin decreased based on a 2.4% fall in co-product credits as lower crude C4 prices outweighed higher pygas values.
Co-product credits are the price at which products such as propylene, butadiene (BD) and benzene, which are made along with ethylene in the cracking process, can be sold.
($1 = €0.78)
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