US LDPE margins rise 0.5% on fall in ethane

30 September 2013 20:35  [Source: ICIS news]

HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) rose by 0.5% last week, following a decrease in ethane costs, the ICIS margin report showed on Monday.

Integrated domestic PE margins were assessed at 64.30 cents/lb ($1,418/tonne, €1,049/tonne) for LDPE and 54.94 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended 27 September. That represents a 0.34 cent/lb increase on average for LDPE and 0.32 cent/lb increase on average for HDPE from a week earlier, using ethane as a feedstock.

The PE margin increased due to a 2.5% fall in ethane feedstock costs. Co-product credits were unchanged.

Co-product credits are the price at which products such as propylene, butadiene (BD) and benzene, which are made along with ethylene in the cracking process, can be sold.

Integrated LDPE export margins rose by 0.33 cents/lb for LDPE on lower feedstock costs. Export PE prices were unchanged, and co-product credits were flat.

($1 = €0.74) 

By: Renzo Pipoli
+1 713 525 2653

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