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.
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)
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