25 November 2013 19:31 [Source: ICIS news]
HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) fell by 0.55%, following a rise in feedstock costs, the ICIS margin report showed on Monday.
Integrated domestic PE margins were assessed at 68.76 cents/lb ($1,516/tonne, €1,1122/tonne) for LDPE and 59.40 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 22 November. That represents a 0.38 cent/lb decrease on average for LDPE and 0.39 cent/lb decrease on average for HDPE, from a week earlier, using ethane as a feedstock.
The PE margin decreased based on a 2.7% rise in ethane feedstock costs and a 1.4% fall in co-product credits. The decline in co-product credits resulted from lower C4 values outweighing higher pygas values.
Integrated export margins fell by around 0.37 cents/lb on the higher feedstock costs. Export prices were unchanged.
($1 = €0.74)
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