US LDPE margins rise by 0.07% on slight fall in ethane

04 November 2013 18:33  [Source: ICIS news]

HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) rose by 0.07%, following a slight drop in feedstock costs, the ICIS margin report showed on Monday.

Integrated domestic PE margins were assessed at 68.84 cents/lb ($1,518/tonne, €1,123/tonne) for LDPE and 59.49 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 1 November. That represents a 0.05 cent/lb increase on average for LDPE and HDPE from a week earlier, using ethane as a feedstock.

The PE margin increased based on a slight fall in ethane feedstock costs and a 0.7% rise in co-product credits.  

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 export margins rose by around 0.03 cent/lb on slightly higher co-product credits and slightly lower ethane costs. PE export prices were unchanged.

($1 = €0.74)

By: Michelle Klump
+1 713 525 2653

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