12 August 2013 17:15 [Source: ICIS news]
HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) rose by 0.5% last week following a decrease in feedstock costs, the ICIS margin report showed on Monday.
Integrated domestic PE margins were assessed at 63.99 cents/lb ($1,411 /tonne, €1,058/tonne) for LDPE and 54.59 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended 9 August. That represents a 0.31 cent/lb increase on average for LDPE and 0.29 cent/lb increase on average for HDPE from a week earlier, using ethane as a feedstock.
The PE margin increased based on a 2.5% decrease in ethane feedstock costs. A 1% fall in co-product credits, mainly on lower pygas values, limited the margin gain.
Integrated export margins for PE rose by about 0.32 cents/lb because of the lower ethane costs.
($1 = €0.75)
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