29 July 2013 15:59 [Source: ICIS news]
Integrated domestic PE margins were assessed at 63.39 cents/lb ($1,397 /tonne, €1,048/tonne) for LDPE and 54.04 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 26 July. That represents a 0.41 cent/lb decrease on average from a week earlier, using ethane as a feedstock.
The PE margin decreased based on a 2.8% rise in ethane feedstock costs. Co-product credits edged down by 2.3% on lower pygas and crude C4 values.
Integrated export margins dropped by about 0.35 cents/lb becuase of the higher ethane costs and the 0.5% lower co-product credits. Export margins are up by 12.40 cents/lb for LDPE and 13.41 cents/lb for HDPE compared with July 2012.
($1 = €0.75)
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