18 November 2013 15:20 [Source: ICIS news]
HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) fell by 0.36%, following a rise in feedstock costs, the ICIS margin report showed on Monday.
Integrated domestic PE margins were assessed at 69.14 cents/lb ($1,524/tonne, €1,128/tonne) for LDPE and 59.79 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 15 November. That represents a 0.25 cent/lb decrease on average for LDPE and 0.23 cent/lb decrease on average for HDPE, from a week earlier, using ethane as a feedstock. November integrated contract margins were revised down after the lower November propylene contract settlement.
The PE margin decreased based on a 2.9% rise in ethane feedstock costs, and despite a 2.7% rise in co-product credits on higher pyrolysis gasoline (pygas) and crude C4 values.
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 fell by around 0.24 cents/lb on the higher feedstock costs. Export prices were unchanged.
($1 = €0.74)
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