11 November 2013 14:52 [Source: ICIS news]
HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) rose by 0.83%, following a drop in feedstock costs, the ICIS margin report showed on Monday.
Integrated domestic PE margins were assessed at 69.41 cents/lb ($1,530/tonne, €1,148/tonne) for LDPE and 60.04 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 8 November. That represents a 0.57 cent/lb increase on average for LDPE and 0.55 cent/lb increase on average for HDPE, from a week earlier, using ethane as a feedstock.
The PE margin increased based on a 5.2% fall in ethane feedstock costs, and despite a 1.7% fall in co-product credits on lower C4 and pygas values.
Integrated export margins for LDPE fell by around 0.43 cents/lb, and HDPE export margins fell by around 1.44 cents/lb, on lower export prices. Export LDPE prices weakened by 1 cent/lb, while HDPE fell by 2 cents/lb.
($1 = €0.75)
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