23 September 2013 15:54 [Source: ICIS news]
Integrated domestic PE margins were assessed at 63.96 cents/lb ($1,410/tonne, €1,043/tonne) for LDPE and 54.62 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended 20 September. That represents a 0.06 cent/lb decrease on average for LDPE and 0.04 cent/lb decrease on average for HDPE from a week earlier, using ethane as a feedstock.
The PE margin decreased because of higher energy costs. Ethane feedstock costs and co-product credits were flat. Lower pyrolysis gas (pygas) prices balanced higher crude C4 values and resulted in the unchanged co-product credits.
Integrated LDPE export margins rose by 8.20 cents/lb for LDPE on lower naphtha costs, firmer spot PE prices and a rise in co-product credits.
($1 = €0.74)
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