14 October 2013 18:26 [Source: ICIS news]
HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) fell by 0.1%, following a rise in feedstock costs, the ICIS margin report showed on Monday.
Integrated domestic PE margins were assessed at 68.83 cents/lb ($1,517/tonne, €1,123/tonne) for LDPE and 59.48 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 11 October. That represents a 0.07 cent/lb decrease on average for LDPE and 0.06 cent/lb decrease on average for HDPE, from a week earlier, using ethane as a feedstock.
The PE margin decreased based on a 0.7% increase in ethane feedstock costs, which outweighed a 1.0% rise in co-product credits, primarily on higher C4 values.
Integrated export margins for PE fell by around 0.12 cents/lb because of the higher ethane costs.
($1 = €0.74)
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