US ethylene margins fall 3.2% on weaker spot, higher ethane

09 September 2013 21:24  [Source: ICIS news]

HOUSTON (ICIS)--US ethylene margins fell 3.2% week on week for the week ended 6 September, according to data from the ICIS margin report released on Monday.

US margins for ethane-based spot ethylene fell to 45.78 cents/lb ($1,009/tonne, €767/tonne) from 47.28 cents/lb the previous week.

Most of the decline came as spot ethylene prices dipped by an average of 1.375 cents/lb week on week.

Spot ethylene prices fell as supply concerns eased and demand was steady.

Feedstock ethane costs increased, up to 11.16 cents/lb from 11.11 cents/lb the previous week.

Ethane cracker co-product credits fell to 4.07 cents/lb from 4.14 cents/lb during the week as propylene prices also softened.

($1 = €0.76)

By: John Dietrich

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