05 August 2013 23:16 [Source: ICIS news]
HOUSTON (ICIS)--US ethylene margins fell by 0.8% for the week that ended on 2 August, the ICIS margins report showed on Monday.
US ethylene margins for ethane-based spot material fell to 45.80 cents/lb ($1,010/tonne, €757/tonne, compared with 46.19 cents/lb a week before.
Margins fell on softening demand and improving supply, with only one major cracker, Williams Olefins’ Geismar cracker in Louisiana down.
US spot prices fell by 0.25 cents/lb on the low end and 1.00 cents/lb on the high end for the week that ended 2 August.
Spot ethane prices fell to 11.05 cents/lb from 11.17 cents/lb week on week.
Cracker co-product credits rose to 3.97 cents/lb from 3.86 cents/lb.
US ethylene for August was sold at 53 cents/lb on Monday.
($1 = €0.75)
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