22 July 2013 15:48 [Source: ICIS news]
Integrated domestic PE margins were assessed at 63.80 cents/lb ($1,407 /tonne, €1,069/tonne) for LDPE and 54.45 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 19 July. That represents a 0.19 cent/lb decrease on average from a week earlier, using ethane as a feedstock.
The PE margin decreased based on a 2.0% rise in ethane feedstock costs. Co-product credits edged up slightly on higher crude C4 and pygas values.
Integrated export LDPE margins slipped by 0.23 cents/lb, while HDPE margins fell by 2.73 cents/lb. Spot HDPE prices softened by 2.50 cents/lb, while LDPE prices remained unchanged.
($1 = €0.76)
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