05 August 2013 17:16 [Source: ICIS news]
HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) rose by 0.5%, following a decrease in feedstock costs and an increase in co-product credits, the ICIS margin report showed on Monday.
Integrated domestic PE margins were assessed at 63.68 cents/lb ($1,404 /tonne, €1,053/tonne) for LDPE and 54.30 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 2 August. That represents a 0.29 cent/lb increase on average for LDPE and 0.26 cent/lb increase on average for HDPE, from a week earlier, using ethane as a feedstock.
The PE margin increased based on a 1.1% decrease in ethane feedstock costs, and a 2.1% rise in co-product credits.
Integrated export margins for LDPE rose by about 0.34 cents/lb while HDPE margins rose by about 0.30 cents/lb because of the lower ethane costs and a rise in co-product credits. Co-product credits for ethane rose largely on higher spot propylene values.
($1 = €0.75)
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