19 August 2013 16:35 [Source: ICIS news]
Integrated domestic PE margins were assessed at 64.33 cents/lb ($1,418 /tonne, €1,064/tonne) for LDPE and 54.94 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended 16 August. That represents a 0.24 cent/lb increase on average for LDPE and 0.25 cent/lb increase on average for HDPE from a week earlier, using ethane as a feedstock.
The PE margin increased based on a 1.8% decrease in ethane feedstock costs. A 1.5% rise in co-product credits, mainly on higher C4 and pygas values, extended the margin gain.
Integrated export margins for PE rose by about 2.76 cents/lb for LDPE because of the lower ethane costs as well as higher export prices.
($1 = €0.75)
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